Tesla is once again seeking to offer boss Elon Musk the biggest pay deal in US corporate history, worth $56bn (£44.9bn).
But the deal was thrown out by a US judge in January, calling it an “unfathomable sum”.
This comes just days after Musk announced plans to cut more than 10% of his global workforce.
In a memo sent to employees, Musk said there was nothing he hated more, "but it must be done."
Now, it is his salary that is in the spotlight, even if the proposed compensation does not include any salary or bonus.
Instead, the 2018 deal relied on bonuses on Tesla's market value that would amount to $650 billion over 10 years. Shares of the electric car maker are now worth $500.36 billion, data shows.
At the time of her decision, Delaware-based Judge Kathleen McCormick said the payment agreement was unfair to shareholders.
It was found that Tesla executives, who negotiated the deal, “may have been blinded” by Mr Musk’s “attractiveness” and did not fully inform shareholders.
The move angered Musk, who then threatened to move Tesla's headquarters from Delaware to Texas.
On Monday, Tesla filed documents asking shareholders to approve the move and re-sign the pay package for 2018.
“Elon has not been paid for any of his work at Tesla over the past six years,” Chairman Robin Denholm wrote in a letter included in the regulatory filing. “This surprises us and many shareholders we have heard from.” , as fundamentally unfair.
Ms Denholm also confirmed that the council did not agree with the court's decision. “We don't think what the Delaware court said is how corporate law should or works,” she said.
The filing shows that Musk's compensation for 2023 was zero dollars, as the billionaire does not receive a salary from the company and is compensated in the form of stock options.
“If legally advisable, we propose simply putting the original 2018 package to a new shareholder vote,” Tesla said, adding that it still plans to appeal the decision.
The new vote comes at a difficult time for the company, which has recorded the fewest electric vehicle deliveries since 2022. The weak demand comes ahead of its quarterly results, which will be revealed next week.
Musk is also trying to restore his reputation after a turbulent year. Tesla has had to recall cars over safety concerns, Mr Musk has been embroiled in a dispute over an anti-Semitic plot and has had repeated problems with X, his social media platform.
Regardless, Bloomberg and Forbes estimate that Elon Musk's net worth is between $198 billion and $220 billion as of November 2023, making him the richest person in the world.