In 'watershed moment', Tesla board to vote on Musk's 1 trillion package

In'watershed moment', Tesla board to vote on Musk's $1 trillion package Tesla's board is set to vote on CEO Elon Musk's $1 trillion pay package as major proxy adviser firms urge shareholders to reject the deal. The vote is scheduled for Thursday and will determine whether Musk secures what is the largest compensation package in corporate history. These firms often influence large passive funds that hold significant stakes in the electric carmaker. Tesla has faced mounting challenges this year, with global sales declining and investor confidence wavering. In July, Tesla reported a 13.5 percent decline in sales in the United States. They jumped 7.4 percent in the third quarter ending in September compared with the same period the year before, as US consumers scrambled to take advantage of a $7,500 EV tax credit that was set to expire that month.