Elon Musk's $1 trillion pay plan faces pushback from investors, state officials

Core Viewpoint - A group of Tesla shareholders, including SOC Investment Group and several state officials, is urging investors to vote against Elon Musk's $1 trillion pay package at the upcoming company meeting in November [1] Group 1: Shareholder Concerns - The shareholders are concerned about the size of the pay package, which is perceived as excessive [1] - The opposition to the pay package reflects broader concerns regarding executive compensation and its alignment with company performance [1] Group 2: Implications for Tesla - The outcome of the vote could have significant implications for Tesla's governance and future executive compensation structures [1] - A rejection of the pay package may signal to the market a shift in shareholder expectations regarding executive pay [1]