COPENHAGEN, June 11 Reuters Some Nordic retail brokerages are allowing clients to vote at Tesla39;s annual general meeting AGM this week, departing from their regular practice, after significant interest from investors and online comments from CEO Elon Musk.

The June 13 AGM is shaping up as a referendum on Musk39;s leadership, after a judge invalidated the CEO39;s 56 billion pay package in January, calling it an unfathomable sum.

As major shareholders appear divided over whether to endorse the package, Tesla is seeking support from retail investors who, excluding Musk and his brother, make up 48 of the ownership, an unusually high percentage, according to Bernstein.

Musk will need overwhelming support from retail investors since many institutional counterparts have opted to vote against his pay, a Bernstein note showed.

Musk in May said on social media platform X he would contact banks and brokers that did not allow investors to cast ballots, saying shareholders had the right to vote.

Swedish banking platforms and retail brokerages Avanza and Nordnet both said they had decided to let investors vote after customers requested to do so.

The two brokers, who together count nearly 150,000 Tesla shareholders among their clients, do not normally provide the option to retail customers to vote at nonEuropean AGMs.

Elon Musk has made it clear that it is important for him that the shareholders of Tesla make their voice heard on this year39;s AGM, said a Nordnet spokesperson….