<div id="readability-page-1"><div><div><p>A group of <strong>Tesla Inc. </strong>(NASDAQ:TSLA) shareholders, including SOC Investment Group and state officials from Nevada, New Mexico and Connecticut, urged investors on Thursday to vote against CEO <strong>Elon Musk</strong>'s $1 trillion pay package at the company's upcoming November meeting, according to a regulatory filing.</p><p><em>Check out the current price of TSLA stock here. </em></p><h2>Board Leadership Faces Opposition</h2><p>The group also urged investors to vote against bringing back directors<strong> Ira Ehrenpreis</strong>, <strong>Joe Gebbia</strong> and <strong>Kathleen Wilson-Thompson</strong>, Reuters reported.</p><p>They criticized the board for what they called an excessive focus on keeping Musk in place and a lack of proper oversight of company management. </p><p>New York City Comptroller <strong>Brad Lander</strong> has also joined in opposing the board.</p><h2>Mixed Signals On Tesla Performance</h2><p>Although Tesla announced record vehicle deliveries on Thursday, the shareholder group highlighted weakening operational and financial indicators. </p><p>Investors are also particularly worried about how the expiration of U.S. electric vehicle tax credits could affect demand.</p><h2>Divided Opinion On Compensation</h2><p><strong>Morgan Stanley</strong> (NYSE:MS) analyst <strong>Adam Jonas </strong>backed Musk's pay package, saying it benefits shareholders given the growth potential in robotics and self-driving technology. </p><p>In contrast, <strong>Sen.</strong> <strong>Bernie Sanders</strong> called the deal &#34;grossly immoral,&#34; and <strong>Pope Leo XIV </strong>warned that widening income inequality could spell serious trouble if left unchecked.</p><h2>Tesla Defends Compensation Structure</h2><p>Tesla said on X that Musk's performance-based pay plan ties his compensation to &#34;shareholder value creation of trillions of dollars,&#34; adding, &#34;If Elon Musk doesn't deliver results, he receives nothing.&#34; </p><p>Board Chair <strong>Robyn Denholm</strong> emphasized the package is more about &#34;voting influence&#34; than financial value, while Musk described the vote as being about keeping control.</p><ul> <li><strong>Elon Musk Says ‘Failure Is Irrelevant Unless it’s Catastrophic’: Tesla CEO Explains His Take With Baseball</strong></li> </ul><p><em>Photo courtesy: Around the World Photos On Shutterstock.com</em></p><p><em><strong>Disclaimer:</strong> This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</em></p></div></div></div>

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<p>Tesla shareholders, including SOC Investment Group and state officials, are urging a vote against CEO Elon Musk's $1 trillion pay package due to governance concerns. They criticize the board for insufficient oversight and excessive focus on Musk. Despite record vehicle deliveries, concerns about operational performance and the expiration of EV tax credits persist. While some analysts support Musk's compensation, others, including Sen. Bernie Sanders, oppose it, citing moral issues. Tesla defends the pay structure as performance-based, linking it to shareholder value creation.</p>

- A group of Tesla Inc. shareholders, including SOC Investment Group and state officials, urged investors to vote against CEO Elon Musk's $1 trillion pay package and the re-election of certain directors due to concerns over board oversight.  
- Despite Tesla's record vehicle deliveries, the shareholders highlighted declining operational and financial indicators, alongside worries about the impact of expiring U.S. electric vehicle tax credits on demand.  
- Tesla defended Musk's pay structure as performance-based, asserting it aligns with shareholder value creation, while opinions on the compensation package remain divided among analysts and public figures.  

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Tesla Shareholders Oppose Elon Musk's $1 Trillion Pay Package Amid Governance Concerns, EV Tax Credit Expiration