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Norway’s Oil Fund to Oppose Elon Musk’s Record $1 Trillion Tesla Pay Deal

MrCollection8159 | 2025-11-04 12:45 | 148 views

Today we’re diving into the showdown between Tesla’s board and one of its major shareholders: Norway’s sovereign wealth fund. The fund has announced it will vote *against* Elon Musk’s proposed up-to $1 trillion compensation package at the upcoming shareholder meeting. While the board argues such an incentive is needed to retain Musk and keep driving Tesla’s growth, the fund raises serious flags: the total size of the award, the risk of diluting other shareholders, and the dependence on one individual’s performance. This isn’t just about a big number—it’s about governance, accountability and how big is *too* big for executive pay in a publicly-traded company. Stay tuned as we break down the motivations, the implications for Tesla, and what this could mean for corporate governance practices going forward.

Comments (10)
Top_Library8188 2025-11-04 13:15

If the board and majority of shareholders think keeping Musk through this pay package is so vital to their success, then they are also admitting the extreme risk to the company if something unfortunate was to happen to his health. I don't see how sovereign wealth or pension funds can tolerate such risk.

Sorry-Programmer9826 2025-11-04 13:23

Indeed, booting musk is probably impossible now, they're already in it. But if I was them Id be quietly selling shares

[deleted] 2025-11-04 14:23

They are hedged

OGLikeablefellow 2025-11-04 18:30

They opposed his last payment plan too.

PowerFarta 2025-11-04 19:23

I hate to tell you this, but it absolutely will pass Completely absurd because his current stake will be worth 960 billion if the company hits 8 trillion but apparently that's not motivating

Specman9 2025-11-04 20:09

Heia Norge!🇳🇴💪

tony3841 2025-11-04 20:44

I think one of the objectives given to Musk is to mentor a spare CEO

theorizable 2025-11-04 23:08

TSLA insiders dump the stock. I honest to god have no idea who keeps buying it.

someguy-79 2025-11-05 02:39

The thing I can't figure it the analyst community. Constant target price hikes and buy ratings. Other than a few brave analysts that will say the emperor has no clothes, the rest are just lemmings.

Consistent_Public_70 2025-11-05 17:36

The Norwegian sovereign wealth fund is so large that the Tesla investment is a mere 0.6% of the funds value. Daily swings of way more than 0.6% in the valuation is very common. Even if Tesla suddenly goes bankrupt one day loses all its value, that wouldn't even significantly impact the funds return for that day.

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