April 17 (Reuters) - Electric automaker Tesla

on Wednesday asked shareholders to ratify billionaire Elon

Musk's compensation that was set in 2018 under the CEO pay

package, just months after a Delaware judge rejected it.

The judge had tossed out Musk's record-breaking $56 billion

pay in January, calling the compensation granted by the board

"an unfathomable sum" that was unfair to shareholders.

Tesla also urged its investors to approve moving the

company's state of incorporation from Delaware to Texas in a

regulatory filing.

Shares of the world's most valuable automaker were up 1%

before the bell.