Some institutional investors like CalPERS have rejected Elon Musk's $58 billion compensation package from Tesla and plan to vote against approving it. A proxy advisory firm, Glass Lewis, recommended shareholders vote against approving Musk's pay package, calling it "excessive". Another firm, ISS, also recommended voting no. A Delaware court had previously ruled against the 2018 pay package, deciding it was unfair to investors. Tesla is trying to gain support from retail investors who own 30 of shares to approve the package in a June 13 shareholder meeting.