Tesla Faces Shareholder Rebellion Over Musk’s $1 Trillion Compensation Plan
Norway's $1.9 trillion sovereign wealth fund has joined mounting opposition to Elon Musk's proposed pay package at Tesla, citing concerns over excessive scale and key-person risk. The Norges Bank Investment Management's 1.2% stake makes it the first major institutional investor to publicly reject the ambitious compensation plan tied to market capitalization targets.
With Tesla's November 2025 shareholder vote approaching, dissent grows among institutional holders. Vanguard and BlackRock remain silent as smaller pension funds like the American Federation of Teachers prepare to challenge what they view as an unprecedented corporate governance experiment.