Reported 23 days ago
Nicolai Tangen, CEO of Norway's $1.9 trillion sovereign wealth fund and a significant Tesla shareholder, expressed confidence in Elon Musk and the company's future despite recent controversies and a decline in vehicle deliveries. Although the fund opposed Musk's substantial pay package last year, Tangen clarified there are no lingering issues between them. He acknowledged the challenges Tesla faces, including declining sales in Europe and regulatory changes affecting profitability, but remains optimistic about Tesla's long-term potential, notably its advancements in autonomous driving.
Source: YAHOO