Elon Musk clasping his hands together.
Elon Musk.
  • Tesla investors voted on Thursday to approve Elon Musk's multibillion-dollar pay package.
  • However, some institutional shareholders told BI that Musk's award was a mistake.
  • One investor questioned if Musk is the right person to continue leading Tesla.

Some institutional Tesla shareholders told Business Insider that approving Elon Musk's record-shattering pay package was a mistake and that they have lingering concerns about Musk's ability to lead the company.