New Delhi, Oct. 27 -- Elon Musk could walk off from Tesla, a company that made him the richest person on earth, if his $1 trillion pay package was not approved by shareholders.

In a letter to shareholders on Monday, Chair Robyn Denholm sounded the warning as advisory firms continue to ask them not to approve Elon Musk's $1 trillion pay package at Tesla.

The appeal comes days ahead of the annual meeting of the EV maker on November 6 even as the Tesla board reportedly faces backlash for not acting in shareholders' best interests.

Governance experts and advocacy groups have questioned the Tesla board over its independence and oversight of Musk's influence.

In his letter to shareholders Robyn Denholm said that the proposed performance-bas...