The vote is seen as a referendum on the limits of executive pay and the accountability of Silicon Valley billionaires.
The company’s directors are asking shareholders to again approve the multibillion-dollar compensation plan and to move the company’s registration to Texas, from Delaware.
To a degree unseen in any other mogul, the world’s richest man acts on impulse and the belief that he is absolutely right.
Tuesday’s losses put Tesla’s stock down more than 11 percent this week.
Elon Musk announced the move at the company’s annual shareholder meeting, hosted at a factory Tesla is building near Austin.