T. Rowe Price says 2018 Tesla pay aligned with investor interests

Mutual fund firm T. Rowe Price said Elon Musk's record-breaking 2018 pay package from Tesla "demonstrated strong alignment" with the interests of investors at the electric carmaker. The comments from the 10th-largest Tesla investor mark important support after a Delaware judge in January voided the $56 billion package as being unfair to investors because it was negotiated by directors who appeared beholden to Musk. In response Tesla said in a preliminary proxy statement on Wednesday that it will hold an unusual special vote at its June 13 annual shareholder meeting to re-approve its chief executive's 2018 pay package.