A Tesla, Inc. (NASDAQ:TSLA) analyst predicts a potential 5% drop in the stock price if shareholders vote down CEO Elon Musk‘s controversial $56 billion pay package. What Happened: Toni Sacconaghi, an analyst at Bernstein with an “Underperform” rating on Tesla shares, believes passing the proposal will be difficult, Business Insider reported. “I think it’s going to be tough to pass. The math is relatively straightforward. You have to get a majority of votes of shareholders that vote, and part of the challenge for Tesla is that not everyone votes,” Sacconaghi told CNBC, as per the report. He cit…
