Tesla (TSLA) shareholders are set to vote on CEO Elon Musk's controversial pay package. With uncertainty looming over the vote's outcome, Guggenheim Securities Automotive Equity Research Director Ronald Jewsikow joins the Morning Brief to discuss how the results could affect Tesla's stock price and operations.

Jewsikow believes shareholders will vote in favor of the pay package, saying "It's a mix of promises made and promises kept." However, he outlines a "a small win, big loss" scenario. If shareholders were to approve the package, he believes there would be minimal upside reaction in the stock. On the other hand, if shareholders were to vote against the package, Tesla stock could plummet.

Jewsikow predicts Tesla's share price could fall nearly $45 if the vote is not approved. "I think there is a considerable amount of premium for Elon Musk being engaged and developing AI in Tesla currently, just based on where we think the fundamental value of the business is," Jewsikow tells Yahoo Finance.

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This post was written by Angel Smith