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The Guardian - UK
The Guardian - UK
Technology
Lauren Almeida

Elon Musk’s $1tn Tesla pay deal to be rejected by huge Norway wealth fund

Elon Musk
Elon Musk’s wealth could rise to more than $2tn if the Tesla pay package is agreed by shareholders. Photograph: Reuters

Norway’s sovereign wealth fund has said it will vote against a $1tn (£765bn) pay package for the Tesla chief executive, Elon Musk.

The fund, which is the biggest national wealth fund in the world, said that while it appreciated the “the significant value created under Mr Musk’s visionary role” it would vote against his performance award.

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