Wall Street Breakfast Tesla awards Elon 96 million shares
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Aug 4, 2025 Elon Musk has been awarded 96 million shares to keep him at Tesla's helm until 2027. Market dynamics show a significant drop in orange juice futures. Tyson Foods is on the rise, boosted by increased beef prices leading to strong quarterly results. Additionally, there's an analysis of seasonal trends suggesting possible weakness for the S&P. The discussion also includes Tesla's performance in the competitive Chinese market.
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Tesla's 96M Share CEO Award
- Tesla awarded Elon Musk 96 million shares to keep him as CEO until 2027.
- The shares vest on August 3, 2025, with restrictions on sale until five years after the grant.
Tesla China Sales Decline
- Tesla's China EV sales fell 8.4% year-over-year in July due to competition from lower-priced models.
- Deliveries declined 5.2% sequentially, totaling 67,886 units from the Shanghai factory including exports.
Tyson Foods Earnings & Guidance
- Tyson Foods beat expectations driven by a 10% year-over-year rise in beef prices.
- The company raised its revenue growth guidance to 2-3%, up from prior flat to 1% outlook.