Tesla Shareholders Face Crucial Vote on Elon Musk's $56 Billion Pay Package

Norway's sovereign wealth fund and major advisory firms oppose the compensation plan ahead of the June 13 meeting.

Elon Musk's $56 billion pay package was voided by a Delaware judge earlier this year for being 'unfathomable.'
Tesla's board urges shareholders to reapprove the package to keep Musk focused on the company.
Norway's $1.7 trillion wealth fund and advisory firms ISS and Glass Lewis recommend voting against the package.
Musk has threatened to leave Tesla and divert resources to other ventures if the package is not approved.
The vote will also decide on relocating Tesla's incorporation to Texas from Delaware.