Tesla is asking shareholders to approve a move to Texas and to re-approve a $55.8 billion pay package for CEO Elon Musk that was recently voided by a Delaware judge. The vote will be held at Tesla's 2024 annual meeting on June 13. Renegotiating a replacement compensation plan that Musk would agree to would likely take substantial time and incur new accounting charges of billions of dollars. Musk has not been paid for any of his work over the last six years at Tesla, where he helped generate significant growth and stockholder value, with the company's stock up more than 630% since March 2018.