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.
149 Articles
149 Articles
Key Tesla investor casts vote to reject Elon Musk's $1 trillion pay package: 'We are concerned'
Just days before Tesla shareholders were set to vote on an unprecedented compensation package for CEO Elon Musk, one of the electric vehicle maker's largest and most powerful institutional shareholders rejected the proposal, CNBC reported. After large oil reserves were discovered in the North Sea in 1969, the Norwegian government took a cautious approach, aware that the resources could create domestic economic volatility, and established an inve…
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…
The Billings Gazette
Bismarck TribuneTesla investor to oppose massive Musk pay deal
Norway’s sovereign wealth fund, one of Tesla’s biggest investors, said Tuesday it will vote against a proposed compensation package that could pay CEO Elon Musk as much as $1 trillion over a decade.
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