Tesla rebuked Glass Lewis for urging shareholders to reject Elon Musk's $55 billion pay plan.
Tesla said the firm demonstrated faulty reasoning in a letter to shareholders.
Tesla is seeking approval from shareholders for the pay plan and moving its incorporation to Texas.
In a letter to shareholders on Wednesday, Tesla slammed Glass Lewis, accusing the firm of "scaremongering" and faulty reasoning.
"In its report, Glass Lewis omits key consideration, uses faulty logic, and relies on speculation and hypotheticals," Tesla wrote in a letter to investors titled "What Glass Lewis Got Wrong About Tesla."
Persons:
Tesla, Glass Lewis, Elon, —, Elon Musk
Organizations:
Elon Musk's, Service, Elon, Tesla, Business
Locations:
Texas