Tesla shareholder group opposes Musk’s $46B pay, slams board “dysfunction”

Enlarge (credit: Aurich Lawson / Duncan Hull / Getty)

A Tesla shareholder group yesterday urged other shareholders to vote against Elon Musk's $46 billion pay package, saying the Tesla board is dysfunctional and "overly beholden to CEO Musk." The group's letter also urged shareholders to vote against the reelection of board members Kimbal Musk and James Murdoch.

"Tesla is suffering from a material governance failure which requires our urgent attention and action," and its...