#tesla-executive-compensation

#tesla-executive-compensation

Norway's $2 trillion sovereign wealth fund has voted against Elon Musk's 2025 performance award, which will be ultimately decided at Tesla's upcoming annual shareholder meeting. The fund is managed by Norges Bank Investment Management (NBIM), and it holds a 1.14% stake in Tesla valued at about $11.6 billion. NBIM confirmed it had already cast its vote against Musk's pay package, citing concerns over its total size, dilution, and lack of mitigation of key person risk, as noted in a CNBC report.

"Actually, having his creative energies in various endeavours that are outside of Tesla actually helps Tesla. I know that sounds perverse, and people don't really understand that," Denholm said. "But having worked with him now for 11 years, it actually benefits Tesla with him doing things that are not in the mission of Tesla outside of Tesla, both from a resource perspective, but also from a motivation perspective."