06:54 AM EDT, 05/28/2024 (MT Newswires) -- Glass Lewis has reportedly recommended Tesla (TSLA) shareholders vote against a $56 billion performance-related pay package for Chief Executive Elon Musk due to its "excessive size" among other reasons, multiple media outlets reported Saturday, citing the proxy advisory firm's report.

Glass Lewis also raised concerns that the pay deal would dilute other shareholders' holdings and concentrate ownership of Tesla in the hands of Musk.

The report also reportedly drew attention to Musk's "slate of extraordinarily time-consuming projects."

Tesla shareholders will be voting again on the pay package after a Delaware judge earlier this year nullified the payout

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