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Tesla Stock Is Down. Don’t Blame Cybertruck Recalls.

1. Tesla's stock fell 4.6% to $440.10 on Thursday. 2. Calpers opposes Musk's $1 trillion pay package, causing shareholder uncertainty. 3. Many analysts expect the pay package to pass on November 6. 4. Tesla's stock remains up 14% year-to-date despite recent declines. 5. Recall of 6,197 Cybertrucks likely won’t significantly impact stock price.

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FAQ

Why Bearish?

The opposition to Musk's pay package introduces uncertainty, historically linked to stock declines.

How important is it?

The potential failure of Musk's pay package could influence shareholder confidence and stock value.

Why Short Term?

The shareholder vote on November 6 could lead to immediate price reactions.

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