Tesla Investor’s Suit Targets Vote on Texas Move, Musk Pay (1)

A Tesla Inc. shareholder sued to challenge an upcoming proxy vote about whether the electric-car maker should move its corporate home to Texas and re-approve a $56 billionpay package for co-founder Elon Musk that was thrown out by a Delaware judge.

Donald Ball, who owns more than 28,000 Tesla shares, argues the company is violating its corporate charter by saying it needs only a bare majority of shareholders’ votes in the June 13 proxy fight to move its state of incorporation away from Delaware.

Ball also accuses the world’s third-richest person of trying to force investors into voting for ...