CNBC Television
Tesla annual meeting on deck: Here's what to expect
11/6/2025, 6:16:37 PM
Economic Summary
- Tesla (TSLA) shareholders are voting on Elon Musk's proposed multi-year pay package tied to an $8.5 trillion market-cap hurdle; commentators expect the vote to clear, which would remove a major governance overhang and refocus attention on company fundamentals.
- Datadog (DDOG) reported strong operational momentum — billings up ~30% and revenue up ~28% — and highlighted strategic relationships with OpenAI and AWS, driving a sharp stock move; one trader recommended a $165 stop given the rally.
- CarMax (KMX) issued a weak outlook and its CEO is exiting; portfolio managers sold their exposure citing a broken investment thesis and worries about lower-end consumers and rising auto-loan delinquencies affecting used-car demand.
- Costco (COST) showed solid fundamentals with operating income growth, high membership renewal (~90%), and a very large private-label Kirkland business (discussed as an ~$80B revenue-equivalent), supporting its outperform thesis despite the stock being flat year-to-date.
Bullish
- Tesla proxy vote likely to clear, removing governance overhang
- Datadog strong billings and partnerships with OpenAI/AWS
- Costco resilient membership and large Kirkland private-label business
Bearish
- CarMax weak outlook and CEO exit undermining thesis
- Lower-end consumer pressure and rising auto loan delinquencies
Bullish tickers
TSLADDOGCOST
Bearish tickers
KMX
TSLA
Bullish
Vote expected to pass, which would be a positive clearing event and allow focus on Tesla's business performance.
Bearish
Shares pulled back over 4% into the shareholder meeting; governance controversy around the large pay package.
DDOG
1 price targets
165
Bullish
Strong billings and revenue acceleration, plus partnerships with OpenAI and AWS driving upside.
Bearish
Stock up sharply (about 20% intraday), risk of chasing gains after a strong rally.
KMX
Bearish
Weak outlook, CEO exit, and concerns about financing and lower-end consumer credit quality.
COST
Bullish
Solid operating-income growth, high membership renewals, and a very large Kirkland private-label business supporting long-term upside.
Bearish
Shares have underperformed this year and are pulling back despite solid results.
People mentioned
Elon MuskBrynSawyer MerrittJoeJennyJason