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International Business Times

Business

Elon Musk's $1 Trillion Tesla Pay Proposal Hits Resistance from Norway's Mega Fund

Elon Musk Tesla Inc. Norway United States NBIM Glass Lewis

Tesla CEO Elon Musk attends the memorial service for political activist Charlie Kirk at State Farm Stadium on September 21, 2025 in Glendale, Arizona.

Norway's $2 trillion sovereign wealth fund, one of Tesla's largest investors, has announced that it will vote against Elon Musk's proposed $1 trillion pay package, creating tension ahead of Tesla's upcoming shareholder meeting.

The fund, managed by Norges Bank Investment Management (NBIM), said Tuesday that it had already cast its vote opposing the massive compensation plan.

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