Norway's sovereign wealth fund, NBIM, voted against a Tesla proposal to ratify stock options to Elon Musk due to concerns over the award's size, structure, dilution, and key person risk.
Despite Tesla's market cap peaking at $1.24 trillion, making Musk's potential payout $56 billion, it has declined to $46 billion with Tesla's stock performing poorly.
A Delaware Court previously invalidated Musk's compensation deal, citing excessiveness and Musk's strong influence over Tesla.
Collection
[
|
...
]