US EditionNorway wealth fund to vote no on Musk $1 trillion Tesla pay package
- On November 6, 2025, Tesla shareholders will vote on Elon Musk, Tesla CEO's pay package, with Norges Bank Investment Management opposing the proposed deal at the Tesla annual general meeting.
- Tesla says the award depends on hitting milestones, requiring a $8.5 trillion market value within the next decade, or Musk will earn nothing.
- A Reuters analysis calculated the post-deduction value of Musk's award at up to $878 billion, while Norges Bank Investment Management holds a 1.12% stake in Tesla worth $17 billion.
- Tesla's board is pressing for approval as chair Robyn Denholm warned Musk could leave if rejected, while Baron Capital said Monday it will back the plan amid criticism.
- NBIM will oppose the Tesla general stock compensation plan and vote against two directors, Kathleen Wilson-Thompson and Ira Ehrenpreis, while backing Joe Gebbia on Tuesday.
133 Articles
133 Articles
Major Investor to Vote Against $1 Trillion Elon Musk Pay Package
Norges Bank Investment Management, the investment arm of Norway’s central bank and one of the largest investors in Tesla, announced on Nov. 4 that it would vote against a proposed $1 trillion pay package for Tesla CEO Elon Musk. The investment fund, which holds 1.16 percent of Tesla’s shares, making it the company’s sixth-largest institutional investor, expressed concerns about the total size of the proposed compensation package, which would be …
Norway’s Mega Fund Slams Musk’s $1 Trillion Tesla Payout Plan
In a dramatic move, Norway’s sovereign wealth fund—the world’s largest and a major Tesla shareholder—announced it will vote against Elon Musk’s proposed $1 trillion compensation package ahead of the company’s upcoming shareholder meeting. The fund cited concerns about the staggering size of the award, potential dilution of existing shareholders, and what it called Musk’s unchecked “key person risk”—a scenario where one individual’s decisions dom…
Norway's SWF is one of the largest shareholders of Tesla. Oslo wants to use this power at the company's general meeting this week.
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