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Norway’s wealth fund vote is latest blow to Musk’s $1 trillion pay package

✍️ Kirsten Korosec, Sean O'Kane, Tim De Chant, Connie Loizos, .Post-Authors-List__Authors --Font-Size Var, Align-Items Center Display Flex Gap Var, .Post-Authors-List__Authors .Post-Authors-List__Author-Thumbs Display Flex Flex-Shrink Margin Padding .Post-Authors-List__Authors .Post-Authors-List__Author-Thumbs Li List-Style None Margin-Left Margin-Top Important .Post-Authors-List__Authors .Post-Authors-List__Author-Thumbs Li First-Child Margin-Left .Post-Authors-List__Authors .Post-Authors-List__Author-Thumbs .Post-Authors-List__Author-Thumb Background-Color Var, Border Solid Var --Wp--Custom--Color--White, Border-Radius, Height -O-Object-Fit Cover Object-Fit Cover Width .Post-Authors-List__Authors .Post-Authors-List__Author-List Display Flex Flex-Wrap Wrap Gap Var 📅 November 04, 2025 12:00 AM 🕐 Scraped: November 05, 2025

Summary: Elon Musk is pushing for a $1 trillion performance pay package. Another major shareholder has said no.

In Brief

Norway’s sovereign wealth fund has voted against a Tesla proposal to give CEO Elon Musk a compensation package worth $1 trillion.

The fund, which is managed by Norges Bank In

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Kirsten Korosec, Sean O'Kane, Tim De Chant, Connie Loizos, .Post-Authors-List__Authors --Font-Size Var, Align-Items Center Display Flex Gap Var, .Post-Authors-List__Authors .Post-Authors-List__Author-Thumbs Display Flex Flex-Shrink Margin Padding .Post-Authors-List__Authors .Post-Authors-List__Author-Thumbs Li List-Style None Margin-Left Margin-Top Important .Post-Authors-List__Authors .Post-Authors-List__Author-Thumbs Li First-Child Margin-Left .Post-Authors-List__Authors .Post-Authors-List__Author-Thumbs .Post-Authors-List__Author-Thumb Background-Color Var, Border Solid Var --Wp--Custom--Color--White, Border-Radius, Height -O-Object-Fit Cover Object-Fit Cover Width .Post-Authors-List__Authors .Post-Authors-List__Author-List Display Flex Flex-Wrap Wrap Gap Var

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November 04, 2025 at 12:00 AM

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