Norway's wealth fund to oppose Tesla's $1-tn pay for Musk

Shristi Acharya, Published on Nov 4th, 2025

Norway's wealth fund to oppose Tesla's $1-tn pay for Musk

World's largest sovereign wealth fund, Norway's Norges Bank Investment Management, will vote against ratifying Tesla CEO Elon Musk's proposed compensation package worth $1 trillion. The wealth fund holds a 1.14% stake in the EV maker with a value of $11.6 billion. The opposition will be seen at the annual general meeting on November 6, where investors will decide the package.

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