Tesla Shareholders Face Crucial Vote on Elon Musk's $50B Pay Package

NYC Comptroller and financial firms urge rejection amid concerns over board's ties to Musk and governance issues.

The vote will determine if Musk's 2018 pay package, valued at $50 billion, will be reapproved after a court ruling against it.
NYC Comptroller Brad Lander and seven financial firms recommend voting against the package, citing governance concerns.
The Tesla board has been criticized for its close ties to Musk, raising questions about the fairness of the pay package process.
Shareholders are also voting on whether to move Tesla's incorporation from Delaware to Texas.
Retail investors and major institutional shareholders like Vanguard and BlackRock hold significant sway in the outcome.