Elon Musk’s multibillion-dollar Tesla pay package facing opposition from key advisory firm

Tesla’s plan to grant CEO Elon Musk more than $2 billion in additional equity is a bad idea and shareholders should vote to kill it, according to Glass Lewis, one of the world’s biggest investment advisory firms.

In a new note to clients, first reported by Bloomberg, analysts at Glass Lewis said the stock award is too expensive, and will dilute Tesla’s other major investors.

The award will face an up or down vote from shareholders later this month. Tesla unveiled the award plan in January,…