Tesla gets multiple shareholder proposals related to investment in xAI
Musk earlier in July ruled out a merger between Tesla and xAI but said he plans to hold a shareholder vote on investment in the startup by the automaker.
Tesla, which will hold its annual shareholder meeting on November 6, said it will only include one proposal on each topic in its proxy statement, in accordance with SEC rules.
Earlier this month, the board set July 31 as the deadline for the submission of shareholder proposals to be included in the proxy statement.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
21 minutes ago
- Yahoo
Here's What Lifted Olo (OLO) in Q2
Conestoga Capital Advisors, an asset management company, released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The second quarter began with a historically poor start but gained momentum later as tariff fears subsided and market volatility dropped precipitously. Conestoga Micro Cap Composite appreciated 15.65% net-of-fees in the second quarter but underperformed the Russell Microcap Growth Index's 20.92% return. In a highly volatile market led by high-beta and lower-quality stocks, the firm does not expect the fund to align with index performance. Please review the fund's top 5 holdings to gain insight into their key selections for 2025. In its second quarter 2025 investor letter, Conestoga Capital Advisors highlighted stocks such as Olo Inc. (NYSE:OLO). Headquartered in New York, New York, Olo Inc. (NYSE:OLO) offers a SaaS platform for restaurants. The one-month return of Olo Inc. (NYSE:OLO) was 13.93%, and its shares gained 117.60% of their value over the last 52 weeks. On July 25, 2025, Olo Inc. (NYSE:OLO) stock closed at $10.14 per share, with a market capitalization of $1.714 billion. Conestoga Capital Advisors stated the following regarding Olo Inc. (NYSE:OLO) in its second quarter 2025 investor letter: "Olo Inc. (NYSE:OLO) is a SaaS technology platform that enables it's greater than 700 restaurant brand customers to reach their customers across over 85,000 locations. OLO has been a leader in two of the past three quarters. In its 1Q earnings report, OLO announced a major win with the Chipotle restaurant chain. Also, during the quarter, OLO announced that Red Lobster had come back to their platform after attempting to build their own solution but realizing OLO was a better option. There was also speculation during the quarter that OLO could be considering strategic alternatives, which contributed to the stock gains." A business executive showcasing a mobile ordering app to a busy restaurant staff. Olo Inc. (NYSE:OLO) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 27 hedge fund portfolios held Olo Inc. (NYSE:OLO) at the end of the first quarter compared to 30 in the previous quarter. In the first quarter of 2025, Olo Inc. (NYSE:OLO) generated total revenue of $80.7 million, reflecting an increase of 21% year-over-year. While we acknowledge the potential of Olo Inc. (NYSE:OLO) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Olo Inc. (NYSE:OLO) and shared the list of best overlooked stocks that pay dividends. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21 minutes ago
- Yahoo
Carlyle picks insiders for newly minted role of co-presidents after reshuffle
(Reuters) -Alternative asset manager Carlyle said on Monday it has rejigged its senior leadership ranks and named three of its veterans for its newly created role of co-presidents. Chief Financial Officer John Redett, credit head Mark Jenkins and client business head Jeff Nedelman will become the company's co-presidents, effective January 1, 2026. "These individuals, all Carlyle veterans, are proven leaders whose deep expertise and extensive experience will drive our next phase of growth," CEO Harvey Schwartz said in a statement. Since Schwartz took the helm in 2023, Carlyle has undergone a multi-year transformation to boost growth by rejigging leadership and realigning its compensation model, while expanding beyond its private equity roots. The company said the leadership appointments would bolster its ability to operate at scale in a competitive environment. In the newly created roles, the trio will closely work with Schwartz to further Carlyle's growth ambitions, the firm said. In addition to their new roles, Jenkins will lead the credit and insurance business, while Nedelman will continue to head the client business. Redett will lead Carlyle's private equity business as well as oversee the corporate private equity and real assets businesses. Justin Plouffe, who is the current deputy chief investment officer for Carlyle's credit business, will succeed Redett as the finance boss of Carlyle next year, the company said. Michael Wand, who oversees the firm's private equity business in Europe, will become the head of EMEA investments and work in tandem with the company's co-presidents. Admiral James Stavridis, the former Supreme Allied Commander at NATO and Carlyle's vice chair of global affairs, will become the company's vice chairman. With $453 billion of assets under management, Carlyle deploys private capital across private equity, credit and its AlpInvest business. Carlyle is set to report its quarterly results next week. Its stock has jumped nearly 26% this year. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21 minutes ago
- Yahoo
Nvidia Gains as Trump AI Push Fuels Investor Optimism
Nvidia (NVDA, Financials) rose about 1.7% on Thursday after the Trump administration unveiled a broad artificial intelligence strategy aimed at expanding U.S. dominance in the sector with a heavy focus on deregulation and infrastructure growth. Warning! GuruFocus has detected 5 Warning Signs with NVDA. The 25-page America's AI Action Plan includes 90 policy proposals to streamline data center construction, boost AI tool access for U.S. allies, and eliminate federal rules that hinder AI development; specific regulations targeted for repeal were not disclosed. David Sacks, the White House's AI czar, said the U.S. is in an AI race; the plan includes measures to counter China's influence in international governance bodies and proposes reviewing Chinese AI models for alignment with state censorship. Secretary of State Marco Rubio said the strategy sets the technological gold standard globally. The initiative promotes building more U.S. data centers; it also introduces fast-track permitting and opens access to federal land. Environmental oversight will be relaxed; the Environmental Protection Agency is reportedly preparing to reverse a key emissions finding a move that could limit future climate regulations. The AI rollout comes amid growing power demands and rising emissions. Google's 2024 sustainability report cited a 48% increase in greenhouse gas emissions since 2019; the surge was largely attributed to energy-intensive AI infrastructure. Despite promising that AI will complement human labor, the plan arrives as companies increasingly turn to automation. Job cuts from Recruit Holdings (owner of Indeed and Glassdoor), Salesforce, and others have been linked directly to AI deployment. Some analysts see the rollout as investor-friendly. Wedbush analyst Dan Ives called it a watershed moment and a big step forward in the AI arms race. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
