A coalition of major labor unions and advocacy groups is urging pension funds and other large investors to reject Tesla’s proposed $1 trillion pay package for CEO Elon Musk. The campaign, announced Wednesday, comes ahead of a Nov. 6 shareholder vote on the deal, which could grant Musk the full payout over 10 years if Tesla meets certain performance goals. Union leaders argue the plan concentrates too much power in Musk’s hands and diverts value from workers whose retirement funds are tied to Tesla stock. The American Federation of Teachers and the Communications Workers of America are among those leading the effort, joining proxy advisors Glass Lewis and ISS in opposing the proposal.
See "Unions Urge Pension Funds to Downvote Musk’s Pay in New Campaign", Chris Marr, Bloomberg Law, October 22, 2025