Reported about 6 hours ago
Norway’s sovereign wealth fund has voted against a Tesla proposal to grant CEO Elon Musk a $1 trillion compensation package, citing concerns about the size of the award and potential risks. The fund, which holds a 1.14% stake in Tesla, acknowledged Musk's contributions but emphasized the need for a constructive dialogue on executive compensation. This setback comes as Musk threatens to leave Tesla if the package is not approved, amid recommendations from advisory groups to oppose the pay deal.
Source: YAHOO