Tesla investors urged to vote against Musk's 'excessive' $56 billion pay package and proposed reincorporation in Texas

• Glass Lewis has advised Tesla shareholders to vote against Elon Musk's $56 billion pay package.
• The proxy advisor also urged them to reject a proposal to reincorporate the EV maker in Texas.
• Glass Lewis said in a report that the share options deal was of "excessive size" and "dilutive."

A top proxy advisory firm has urged Tesla shareholders to vote against Elon Musk's $56 billion pay deal and a proposal to reincorporate the EV maker in Texas.