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Elon Musk will be eligible for a pay award worth around $1tn if he meets a demanding set of targets, including raising Tesla's market value and delivering more electric vehiclesPhoto: Hans Lucas/AFP via Getty Images
Royal London Asset Management, Legal & General and Aberdeen voted against a $1tn pay package for Tesla boss Elon Musk, joining a cohort of City fund groups that opposed the bumper remuneration deal.
RLAM and Aberdeen said they engaged with Tesla ahead of its annual general meeting on 6 November, but voted against plans to award Musk with more than 400 million additional Tesla shares if he meets certain targets.
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