Tesla shareholders ask investors to vote against Musk’s compensation package

Elon Musk, centre, has been accused of being a part time chief executive at Tesla (AP Photo/Firdia Lisnawati, File)

A group of Tesla shareholders are asking investors to vote against a compensation package worth more than 40 billion dollars (£31.48 billion) for CEO Elon Musk, saying that it is not in the electric vehicle maker’s best interest.

Tesla is struggling with falling global sales, slowing electric vehicle demand, an ageing model line-up and a stock price that has tumbled 30% this year.