A Tesla car charging up at a Tesla Supercharger.
A Tesla car charging up at a Tesla Supercharger.
  • Tesla's shareholders approved Elon Musk's $55 billion pay package and the company's move to Texas.
  • Wedbush analyst Dan Ives called the result a "pop the champagne moment" for Tesla investors.
  • Ives added that if the proposal "went south," some "bad things" could have happened.

At least one analyst is extremely optimistic about how Tesla's shareholders voted.

Wedbush Securities analyst Dan Ives called Tesla chief Elon Musk's victory a "pop the champagne moment" for investors in a note on Thursday. Ives predicted the result of the much-hyped vote would remove a $20 to $25 overhang on the EV maker's stock.