**🚨 Tesla Shareholders Advised to Reject Musk’s $56 Billion Pay Package 🚨**
🔹 **Glass Lewis Recommendation**: Proxy advisory firm Glass Lewis urges Tesla shareholders to reject Elon Musk's $56 billion pay package.
🔹 **Unprecedented Size**: Glass Lewis cites the "unprecedented size" of the payment agreement and its dilutive impact.
🔹 **Concentration of Ownership**: Concerns about the concentration of ownership and Musk's heavy involvement in other high-profile projects, including X (formerly Twitter).
🔹 **Board Criticism**: Tesla's board has faced repeated criticism for their close ties to Musk.
🔹 **Compensation Structure**: The pay package includes no salary or cash bonuses, with rewards tied to Tesla's market value, which has grown to $650 billion since 2018, though currently at $571.6 billion.
🔹 **Legal Challenges**: In January, Delaware Court Judge Kathaleen McCormick invalidated the package. Musk has since attempted to move Tesla’s incorporation from Delaware to Texas.