Tesla boss in line for mega-pay deal

Electric carmaker Tesla, facing pressure on a number of fronts, is asking shareholders for a show of support for chief executive Elon Musk. The firm has called a special meeting this month for investors to vote on a 10-year compensation plan for Mr Musk. Under the plan, Mr Musk could receive stock awards worth an estimated $2.6bn - among the largest in US history. The grants would only be distributed if the firm, which has made consistent losses, hits certain milestones. Major holders of Tesla stock, including investment firms Baillie Gifford and T Rowe Price, have said they intend to support the pay plan, providing a vote of confidence. But shareholder advisory groups have cautioned against the proposal, saying it is too generous.