US EditionNorway wealth fund to vote no on Musk $1 trillion Tesla pay package
Norway’s $1.9 trillion sovereign wealth fund will oppose Musk’s $1 trillion pay plan due to concerns about excessive size, share dilution, and key person risk, ahead of Nov. 6 vote.
- 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.
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The Virginian Pilot
Big Tesla investor will vote against Musk’s massive pay package
Norway’s sovereign wealth fund, one of Tesla’s biggest investors, said Tuesday that it will vote against a proposed compensation package that could pay CEO Elon Musk as much as $1 trillion over a decade. Related Articles Stability AI largely wins UK court battle against Getty Images over copyright and trademark Denny’s to be acquired and taken private in a deal valued at $620 million New massive Am…
Associated Press News
Mid Florida NewspapersBig Tesla investor will vote against Musk's massive pay package
Norway’s sovereign wealth fund, one of Tesla’s biggest investors says it will vote against a proposed compensation package that could pay CEO Elon Musk as much as $1 trillion over a decade.
The Norwegian sovereign fund, which is one of the seven largest shareholders of Tesla, rejected the $1 billion mega-bonnus to Elon Musk and challenged Tesla in a comparison between ethics and business power.
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