Tesla faces a climb up “Mount Everest” as it tries to persuade shareholders to approve a relocation to Texas and sign off yet again on a $56bn (£44.26bn) pay deal for Elon Musk, according to the electric car company’s chair. Tesla chair Robyn Denholm pointed out the significance of receiving approval from its shareholders, stressing that their decision is "important" for "corporate America as well,” in an interview with the FT. The controversial pay deal has already been backed once by shareholders, back in 2018, but was vetoed by a Delaware judge in January. Musk has criticised the decision and has asked shareholders to move Tesla out of Delaware, something he has already done with SpaceX. However, Denholm said that Musk remains committed to the EV maker even if he loses the upcoming vote. Read more: FTSE 100 LIVE: European stocks tepid as UK chancellor sets out more tax cut plans “There is always a risk, but he’s not holding a gun to anybody’s head . . . He hasn’t said one way or another quite frankly. And do I believe he’s committed to Tesla? Absolutely.” Shares in Reddit were higher in pre-market trading as the platform announced it will...