There could be trouble ahead for Tesla Inc (NASDAQ:TSLA) as its shareholders meet on Nov. 6 to vote on the new pay package for CEO Elon Musk, with another group encouraging a vote against it.

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Take Down Tesla Movement Targets Musk Pay Package

A group of unions and public interest groups has launched the "Take Back Tesla" movement and website, encouraging Tesla shareholders to vote no on Musk’s pay package.

The group targets union members and public interest groups whose members may own Tesla shares through pensions and retirement plans and are entitled to share their opinions or vote at the shareholder meeting.

A new pay package for Musk that could be worth up to $900 billion is called "outrageous" by the group. The package requires Musk to be at Tesla for 10 years and hit certain milestones to receive the full compensation, which could make him the first trillionaire, with an average annual compensation of close to $100 billion.

The Take Tesla Back movement highlights how Musk's new compensation plan compares to that ...