However, this pivotal decision is not without its fair share of controversy, as shareholder advisory firm Glass Lewis is urging investors to reject the proposed compensation plan.

Glass Lewis has raised concerns over two key issues regarding Musk's pay package. First, the firm is dissenting against moving Tesla's state of incorporation to Texas, fearing potential negative implications for shareholders. Second, they argue that the proposed pay structure could dilute existing shareholders' stakes in the company, ultimately making Musk the largest individual shareholder by a significant margin.

One of the major concerns voiced by Glass Lewis is the lack of a compelling rationale provided by Tesla's board to address the potential concerns over dilution. The advisory firm believes that such a substantial increase in Musk's control over the company poses a threat to the governance of Tesla and questions whose interests the board truly serves – the shareholders or Musk himself.

The news of Glass Lewis opposing Musk's pay package is not entirely surprising, as they have historically been vigilant in advocating for shareholder interests. Their recommendation highlights the potential risks associated with granting one individual such significant control over a company as influential as Tesla.

As the voting date draws closer, shareholders will have to weigh the potential benefits and risks of Musk's proposed pay package. Currently, Musk holds just under 13% of Tesla's total shareholding. The outcome of the vote will be closely watched as it will shape the future direction of Tesla and the role Musk plays within the company.

While the disruptive nature of Elon Musk's leadership has gained him a dedicated following, his immense control and influence over Tesla have been subject to scrutiny. The results of the upcoming vote will undoubtedly have a profound impact on the company's governance and the level of shareholder influence.

As Tesla shareholders prepare to make their decision on June 13th, the fate of Elon Musk's revolutionary $56 billion pay package hangs in the balance. The outcome of this vote will not only shape the financial landscape of Tesla but also have implications for corporate governance and the power dynamics within the company.