Norway's Sovereign Wealth Fund Will Vote Against Tesla's $1 Trillion Pay Proposal For Musk
1. Norway's sovereign wealth fund opposes Tesla's new CEO compensation package. 2. The proposed pay could reach $1 trillion based on ambitious goals. 3. The fund owns a 1.14% stake, worth approximately $11.7 billion. 4. Concerns center on the size of the award and key person risk. 5. Tesla's shares dropped 2.61% in premarket trading after the news.