Norway’s Sovereign Wealth Fund Opposes Elon Musk’s $1 Trillion Tesla Pay Package
Nov 4, 2025
Norway’s sovereign wealth fund, the world’s largest, has announced it will vote against Tesla CEO Elon Musk’s proposed $1 trillion pay package at the company’s upcoming annual shareholder meeting. The fund manages about $2 trillion and is Tesla’s seventh biggest single investor.
The fund cited concerns over the compensation plan’s size, potential shareholder dilution, and risks linked to Musk’s strong influence at Tesla. The pay package is based on Tesla reaching ambitious milestones, including a significant increase in the company’s market value.
This decision marks a notable opposition from a major investor as Tesla’s shareholders prepare to vote on the proposed deal.
Why is Norway’s wealth fund voting against Musk’s pay package?
The fund is concerned about the large size of the proposed pay, possible dilution for other shareholders, and risks related to Musk’s large role at Tesla.
What needs to happen for Musk to receive the pay package?
Musk’s pay is tied to Tesla meeting specific milestones, including a large increase in the company’s market value.
How significant is Norway’s wealth fund as a Tesla investor?
It is Tesla’s seventh biggest single investor and the largest sovereign wealth fund in the world.
When will the shareholder vote take place?
The vote will happen at Tesla’s annual shareholder meeting on November 6.
Sources
Norway wealth fund to oppose Elon Musk's $1T Tesla pay package
Proactive Investors
Proactive Investors
Norway's sovereign wealth fund announced on Tuesday that it will vote against Tesla Inc (NASDAQ:TSLA) CEO Elon Musk's proposed compensation package at the company's annual shareholder meeting on November 6. The package is contingent on Tesla achieving ambitious milestones over the next decade, inclu...
The world's largest sovereign wealth fund has rejected Elon Musk's $1 trillion T...
Business Insider
Business Insider
Norway's sovereign wealth fund said it has voted against Elon Musk's $1 trillion pay plan. The bank, which manages a $2 trillion fund, said it had concerns about the size of the package.
Elon Musk's $1tn Tesla pay deal to be rejected by huge Norway wealth fund
The Guardian
The Guardian
Carmaker's seventh biggest single investor will vote against package at annual shareholder meeting
Norway's $2.1T wealth fund joins opposition to Elon Musk's $1T Tesla pay package
Invezz
Invezz
In a significant development, Norway's sovereign wealth fund, the world's largest, said it would oppose ratifying Tesla Chief Executive Elon Musk's proposed $1 trillion compensation plan, citing concerns about excessive size, shareholder dilution, and the risks tied to Musk's dominant role at the co...
Norway Wealth Fund Votes No on Musk's $1 Trillion Award
Bloomberg Technology
Bloomberg Technology
The world's largest sovereign wealth fund voted against Tesla's proposed $1 trillion pay package. Bloomberg's Craig Trudell discusses what this could mean for the upcoming shareholder vote with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.
Tesla's $1 Trillion Musk Award Opposed by Norway Wealth Fund
Bloomberg Markets and Finance
Bloomberg Markets and Finance
The world's largest sovereign wealth fund voted against Tesla Inc.'s unprecedented stock award to Chief Executive Officer Elon Musk in the biggest show of opposition yet by a major shareholder. “While we appreciate the significant value created under Mr.
Here is what's at stake as shareholders prepare to vote on Elon Musk's $1 trilli...
Business Insider
Business Insider
Tesla's shareholder meeting will address Musk's $1 trillion pay package and investment in xAI. The meeting follows a year of political controversies and sales struggles for Tesla.
Tesla board to shareholders: Pay Musk or else
Reuters
Reuters
Tesla's board of directors has pushed in all its chips on Elon Musk. Now investors must decide whether to back the biggest bet in company history.
Elon Musk's Tesla Defies China Flop, Sovereign Fund Revolt, Momentum Soars To Th...
Benzinga
Benzinga
Tesla Inc. (NASDAQ:TSLA) shares have dipped amid fresh blows from slumping China sales and a high-profile investor revolt against Elon Musk‘s eye-popping $1 trillion pay package, yet the electric vehicle giant's underlying momentum tells a defiant tale of resilience.
Tesla shareholders brace for Musk's trillion-dollar test
Proactive Investors
Proactive Investors
Elon Musk's tenure at Tesla Inc (NASDAQ:TSLA)has never been short of drama, and the EV maker's annual meeting on Thursday looks set to deliver another dose. Its board is asking investors to approve a new share-based award for the chief executive that could, in theory, be worth around $1 trillion.
Why a $1 trillion pay package for Tesla's Elon Musk is about to sail through its...
Market Watch
Market Watch
Many investors think of Musk and Tesla as one and the same — and would fail to name other executives at the company.
Tesla Down 5%, Buy Or Wait
Forbes
Forbes
Tesla (TSLA) stock has decreased by 5.1% in a single day, amid concerns around CEO Elon Musk's proposed $1 trillion compensation plan. The drop followed news that Norway's $2 trillion sovereign wealth fund — one of Tesla's largest shareholders — would vote against the package at the upcoming annual...
Tesla Ahead of Shareholder Meeting: Buy, Sell or Hold TSLA Stock?
Zacks Investment Research
Zacks Investment Research
As Tesla heads into its crucial shareholder vote on Musk's $1T pay package, investors weigh bold AI ambitions against slowing EV sales and shrinking margins.
Big Tesla investor will reject Elon Musk's $1 trillion pay package
Fast Company
Fast Company
Norway's sovereign wealth fund, one of Tesla's biggest investors, said on November 4 that it will vote against a proposed compensation package that could pay CEO Elon Musk as much as $1 trillion over a decade.
Schwab backs Musk's $1 trillion pay package
CNBC Television
CNBC Television
Omar Aguilar, CEO & CIO of Schwab Asset Management, joins ‘Halftime Report' to explain why Schwab voted in favor of Elon Musk's $1 Trillion pay package.
Related Posts
Other News
Corporate Moves
View All
Amazon May End US Postal Service Partnership to Expand Own Delivery Network
12 hours ago
AMZN
-1.41%
Amazon is reportedly considering ending its long-running contract with the United States Postal Service (USPS). This change would allow Amazon to rely more on its own growing nationwide delivery netwo...
Meta to Make Deep Cuts to Metaverse Budget as AI Becomes Priority
15 hours ago
META
+3.43%
Meta Platforms CEO Mark Zuckerberg plans to significantly cut spending on the company's metaverse efforts, according to reports from Bloomberg News. The expected budget cuts could be as much as 30% fo...
Meta Hires Apple Design Executive Alan Dye to Lead New Creative Studio
Dec 4, 2025
AAPL
-1.21%
META
+3.43%
Meta Platforms has hired Alan Dye, who was Apple's head of user interface design for the past decade. Dye is leaving Apple to lead a new creative studio within Meta's Reality Labs division.
The new s...
Product Launches
View All
Amazon Unveils New AI Chips and Tools to Boost Cloud Capabilities
Dec 2, 2025
AMZN
-1.41%
Amazon Web Services (AWS) has introduced new artificial intelligence (AI) chips and software tools aimed at improving the performance and reliability of its cloud computing services.
A key highlight...
Samsung Launches World’s First Triple-Folding Smartphone, the Galaxy Z TriFold
Dec 2, 2025
005930
+2.76%
Samsung Electronics has unveiled its first multi-folding smartphone, the Galaxy Z TriFold. This new device folds inward twice, creating a three-panel design with a large 10-inch inner display.
The la...
Amazon and Google Launch Joint Multicloud Networking Service
Dec 1, 2025
GOOGL
-0.63%
AMZN
-1.41%
Amazon and Google have announced a new multicloud networking service to improve connectivity between their cloud platforms. This jointly developed solution is designed to provide businesses with a fas...
Regulatory Actions
View All
New York Times Sues Pentagon Over Restrictive Press Rules
10 hours ago
NYT
-0.25%
The New York Times has filed a lawsuit against the U.S. Department of Defense and Defense Secretary Pete Hegseth over new press rules at the Pentagon. The newspaper claims that the new policy restrict...
EU Launches Antitrust Investigation into Meta’s Use of AI in WhatsApp
20 hours ago
META
+3.43%
The European Union has started an antitrust investigation into Meta Platforms, the company that owns WhatsApp, over its use of artificial intelligence (AI) features within the messaging app.
EU regul...
Costco Sues U.S. Government to Recover Tariff Payments Imposed Under Trump Administration
Dec 2, 2025
COST
-2.86%
Costco has filed a lawsuit against the U.S. government, seeking to recover tariffs it paid on imported goods under orders made by former President Donald Trump. The case focuses on tariffs enacted und...
Earnings
View All
Rubrik Shares Surge After Better-Than-Expected Q3 Fiscal 2026 Results
8 hours ago
RBRK
-1.37%
Rubrik, Inc. (NYSE: RBRK) reported its financial results for the third quarter of fiscal year 2026, ending October 31, 2025. The company announced record net new subscription annual recurring revenue...
Samsara Reports Strong Q3 Results with First Profit, Stock Reaction Mixed
8 hours ago
IOT
+4.36%
Samsara Inc. (NYSE: IOT), a company specializing in connected operations platforms, announced strong financial results for the third quarter of fiscal year 2026.
The company reported $416 million in...
HPE Reports Strong Q4 Profits but Sees Lower Revenue Ahead
8 hours ago
HPE
+2.88%
Hewlett Packard Enterprise (HPE) reported its financial results for the fourth quarter of fiscal 2025, ending October 31. The company delivered profitable growth and completed its acquisition of Junip...
Stock Movements
View All
D-Wave Quantum Stock Experiences Volatility Amid Valuation Concerns and Industry Advances
2 hours ago
QBTS
+14.55%
D-Wave Quantum (QBTS) stock has recently faced significant fluctuations. Over the past 21 trading days, the stock declined by about 24.2%, drawing attention to concerns over the company's high valuati...
SoFi Announces $1.5 Billion Public Offering, Stock Falls Over 6%
3 hours ago
SOFI
+1.82%
SoFi Technologies, a financial technology company, has launched a public offering to sell $1.5 billion worth of its common stock. The company priced 54,545,454 shares at $27.50 each. All of the shares...
Nvidia Gains as AI Chip Demand Rises and Export Challenges Ease
17 hours ago
NVDA
+2.11%
Nvidia's stock price rose after reports that the company has won a political battle involving restrictions on AI chip exports. Nvidia has faced uncertainty due to potential limits on selling its advan...
Economy
View All
ADP Report: Private Sector Lost 32,000 Jobs in November, Wages Up 4.4% Over Year
Dec 3, 2025
According to the November ADP National Employment Report, private sector employment in the United States decreased by 32,000 jobs. This data was compiled by ADP Research in collaboration with the Stan...
Nvidia's AI Chip Leadership Spurs Industry Growth and Component Shortages
Dec 2, 2025
NVDA
+2.11%
Nvidia, a leader in artificial intelligence (AI) chips, continues to drive strong growth in the technology sector. The company has seen high demand for its graphics processing units (GPUs), particular...
Cyber Monday Online Sales in US Expected to Reach $14.2 Billion, UK Shoppers Spend $5 Billion Over Black Friday Weekend
Dec 2, 2025
Adobe Analytics forecasts that U.S. shoppers will spend $14.2 billion online during Cyber Monday. This prediction comes as many consumers continue to look for discounts and promotions while managing t...
Analyst Ratings
View All
‘Big Short’ Investor Michael Burry Calls Tesla ‘Ridiculously Overvalued’
Dec 1, 2025
TSLA
+1.74%
Michael Burry, the investor known for predicting the 2008 financial crisis, has criticized Tesla's stock valuation. In a recent blog post, Burry described Elon Musk's electric car company as 'ridiculo...
Carvana Stock Upgraded by Wedbush, Price Target Raised to $400
Nov 24, 2025
CVNA
+0.97%
Carvana, an online used car retailer, saw its stock rise over 7% on Monday after analysts at Wedbush Securities upgraded the stock from 'Neutral' to 'Outperform.'
Wedbush analysts raised their 12-mon...
Dell Stock Falls After Morgan Stanley Downgrade Over Memory Chip Costs
Nov 17, 2025
DELL
+4.01%
Dell Technologies shares dropped by about 7% to $124.44 after Morgan Stanley downgraded the stock from 'overweight' to 'underweight' and lowered its price target to $110. The downgrade reflects concer...
Mergers & Acquisitions
View All
Hims & Hers Expands Into Canada After Acquiring Digital Health Platform Livewell
10 hours ago
HIMS
+7.96%
Hims & Hers Health, a leading US digital health company, has officially expanded its services into Canada. This move follows its recent acquisition of Livewell, a Canadian digital health platform know...
Netflix Leads Bidding War for Warner Bros. Discovery Amid Investor Concerns
17 hours ago
NFLX
-0.71%
WBD
-0.12%
Warner Bros. Discovery, the company behind HBO and CNN, is currently considering offers from multiple companies, including Netflix, Comcast, and Paramount. According to reports, Warner Bros. prefers N...
Marvell Technology to Acquire Celestial AI in Multi-Billion-Dollar Deal
Dec 2, 2025
MRVL
-2%
Marvell Technology has announced it will acquire Celestial AI, a startup specializing in photonic chip technology, in a cash-and-stock deal valued at over $5 billion. This agreement marks a significan...
IPO
View All
Navan Raises $923 Million in IPO Amid US Government Shutdown
Oct 30, 2025
NAVN
-6.92%
Navan, a business travel and expense management company, has completed its initial public offering (IPO) by selling 36,924,406 shares of its Class A common stock at $25 per share. The IPO raised appro...
Beta Technologies Launches IPO, Aiming to Raise Up to $825 Million
Oct 16, 2025
BETA
+1.15%
Beta Technologies, a company that makes electric aircraft, has set the terms for its initial public offering (IPO) in the United States.
The company plans to offer 25 million shares of its Class A co...
Fermi Shares Surge After High-Profile IPO Despite Lack of Revenue
Oct 2, 2025
FRMI
+8.53%
Fermi Inc., a start-up focused on building large data centers for artificial intelligence, saw its stock price soar following its initial public offerings on both the Nasdaq in New York and the London...
