Succession planning is one of

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Succession planning is one of the milestones, to be achieved for a Trillion pay package.

Elon gets paid, Shareholders get paid.

Major Tesla Investor Rejects Elon Musk's $1 Trillion Pay Deal

Norway's sovereign-wealth fund rejected $Tesla(TSLA)$ Chief Executive Elon Musk's new $1 trillion pay package, becoming the first major investor to disclose its decision.Norges Bank Investment...

Major Tesla Investor Rejects Elon Musk's $1 Trillion Pay Deal

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Elon gets paid, Shareholders get paid.","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/497023064567808","repostId":2581579393,"repostType":2,"repost":{"id":"2581579393","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1762298488,"share":"https://ttm.financial/m/news/2581579393?lang=en_US&edition=fundamental","pubTime":"2025-11-05 07:21","market":"us","language":"en","title":"Major Tesla Investor Rejects Elon Musk's $1 Trillion Pay Deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2581579393","media":"Dow Jones","summary":"Norway's sovereign-wealth fund rejected $Tesla(TSLA)$ Chief Executive Elon Musk's new $1 trillion pay package, becoming the first major investor to disclose its decision.Norges Bank Investment...","content":"<html><head></head><body><p>Norway&#39;s sovereign-wealth fund rejected <a href=\"https://laohu8.com/S/TSLA\">Tesla</a> Chief Executive Elon Musk&#39;s new $1 trillion pay package, becoming the first major investor to disclose its decision.</p><p>Norges Bank Investment Management, the arm of the central bank which manages the $1.9 trillion fund, raised concerns Tuesday over the size of the remuneration package.</p><p>&#34;While we appreciate the significant value created under Mr. Musk&#39;s visionary role, we are concerned about the total size of the award, dilution, and lack of mitigation of key person risk -- consistent with our views on executive compensation,&#34; it said in a statement.</p><p>Tesla shares dropped 5.2% on Tuesday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/705aee84cd930ac4df94f635e162c164\" tg-width=\"850\" tg-height=\"816\"/></p><p>On Thursday, Tesla will host its annual shareholder meeting and announce the results of voting on several proposals including Musk&#39;s compensation package, which offers him an additional 12% stake in Tesla if he grows the company to an $8.5 trillion valuation over the next decade, nearly eight times its current valuation. At that level, the proposed award would be valued at slightly more than $1 trillion.</p><p>With a 1.2% stake in Tesla, the fund is the sixth-largest institutional investor behind others such as Vanguard and BlackRock, according to FactSet. It is the first major institutional investor to disclose how it voted.</p><p>Shareholders will also vote on the re-election of board members and a shareholder proposal that asks Tesla&#39;s board to invest in Musk&#39;s artificial intelligence startup, xAI.</p><p>Smaller public pension funds, such as the American Federation of Teachers and various New York City retirement systems, have also publicly opposed the pay package, as have major proxy advisory firms Institutional Shareholder Services and Glass Lewis.</p><p>Other Tesla shareholders have come out in favor of the proposal, including <a href=\"https://laohu8.com/S/MTK\">Morgan Stanley</a>&#39;s Counterpoint Global fund and Florida&#39;s public pension fund. Charles Schwab, which has a stake in Tesla of around 0.6%, said on Tuesday that it would vote in favor of the package. &#34;We firmly believe that supporting this proposal aligns both management and shareholder interests, ensuring the best outcome for all parties involved,&#34; it said in a statement.</p><p>Musk, who is Tesla&#39;s largest shareholder with a voting stake of around 15%, can also vote on the proposal.</p><p>The proposed deal would allow Musk, already the world&#39;s wealthiest person, to receive installments of shares if Tesla hits a series of market capitalization and business milestones, which include the delivery of 20 million Tesla vehicles, putting a million robotaxis into service and reaching a three-month average of 10 million subscribers for Tesla&#39;s Full Self-Driving service.</p><p>Last year, the wealth fund opposed a separate proposal to ratify a 2018 pay package for Musk that had been canceled by a <a href=\"https://laohu8.com/S/VMM\">Delaware</a> judge.</p><p>That proposal passed with 72% support, though the judge upheld her decision to rescind the package. Tesla is now awaiting a decision on its appeal in the Delaware Supreme Court.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Major Tesla Investor Rejects Elon Musk's $1 Trillion Pay Deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMajor Tesla Investor Rejects Elon Musk's $1 Trillion Pay Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-11-05 07:21</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Norway&#39;s sovereign-wealth fund rejected <a href=\"https://laohu8.com/S/TSLA\">Tesla</a> Chief Executive Elon Musk&#39;s new $1 trillion pay package, becoming the first major investor to disclose its decision.</p><p>Norges Bank Investment Management, the arm of the central bank which manages the $1.9 trillion fund, raised concerns Tuesday over the size of the remuneration package.</p><p>&#34;While we appreciate the significant value created under Mr. Musk&#39;s visionary role, we are concerned about the total size of the award, dilution, and lack of mitigation of key person risk -- consistent with our views on executive compensation,&#34; it said in a statement.</p><p>Tesla shares dropped 5.2% on Tuesday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/705aee84cd930ac4df94f635e162c164\" tg-width=\"850\" tg-height=\"816\"/></p><p>On Thursday, Tesla will host its annual shareholder meeting and announce the results of voting on several proposals including Musk&#39;s compensation package, which offers him an additional 12% stake in Tesla if he grows the company to an $8.5 trillion valuation over the next decade, nearly eight times its current valuation. At that level, the proposed award would be valued at slightly more than $1 trillion.</p><p>With a 1.2% stake in Tesla, the fund is the sixth-largest institutional investor behind others such as Vanguard and BlackRock, according to FactSet. It is the first major institutional investor to disclose how it voted.</p><p>Shareholders will also vote on the re-election of board members and a shareholder proposal that asks Tesla&#39;s board to invest in Musk&#39;s artificial intelligence startup, xAI.</p><p>Smaller public pension funds, such as the American Federation of Teachers and various New York City retirement systems, have also publicly opposed the pay package, as have major proxy advisory firms Institutional Shareholder Services and Glass Lewis.</p><p>Other Tesla shareholders have come out in favor of the proposal, including <a href=\"https://laohu8.com/S/MTK\">Morgan Stanley</a>&#39;s Counterpoint Global fund and Florida&#39;s public pension fund. Charles Schwab, which has a stake in Tesla of around 0.6%, said on Tuesday that it would vote in favor of the package. &#34;We firmly believe that supporting this proposal aligns both management and shareholder interests, ensuring the best outcome for all parties involved,&#34; it said in a statement.</p><p>Musk, who is Tesla&#39;s largest shareholder with a voting stake of around 15%, can also vote on the proposal.</p><p>The proposed deal would allow Musk, already the world&#39;s wealthiest person, to receive installments of shares if Tesla hits a series of market capitalization and business milestones, which include the delivery of 20 million Tesla vehicles, putting a million robotaxis into service and reaching a three-month average of 10 million subscribers for Tesla&#39;s Full Self-Driving service.</p><p>Last year, the wealth fund opposed a separate proposal to ratify a 2018 pay package for Musk that had been canceled by a <a href=\"https://laohu8.com/S/VMM\">Delaware</a> judge.</p><p>That proposal passed with 72% support, though the judge upheld her decision to rescind the package. Tesla is now awaiting a decision on its appeal in the Delaware Supreme Court.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4574":"无人驾驶","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","TSLA":"特斯拉","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1548497426.USD":"安联环球人工智能AT Acc","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU0971096721.USD":"富达环球金融服务 A","BK4604":"机器人概念","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0823411888.USD":"法巴消费创新基金 Cap","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4527":"明星科技股","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","LU0106831901.USD":"贝莱德世界金融基金A2","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0882574139.USD":"富达环球消费行业基金A ACC","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","LU2347655156.SGD":"JPMorgan Investment Funds - Global Income A (icdiv) SGD-H","TSLL":"2倍做多TSLA ETF-Direxion","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2271345857.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (HKD) ACC","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","BK4612":"AI芯片","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0082616367.USD":"摩根大通美国科技A（dist）"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2581579393","content_text":"Norway's sovereign-wealth fund rejected Tesla Chief Executive Elon Musk's new $1 trillion pay package, becoming the first major investor to disclose its decision.Norges Bank Investment Management, the arm of the central bank which manages the $1.9 trillion fund, raised concerns Tuesday over the size of the remuneration package.\"While we appreciate the significant value created under Mr. Musk's visionary role, we are concerned about the total size of the award, dilution, and lack of mitigation of key person risk -- consistent with our views on executive compensation,\" it said in a statement.Tesla shares dropped 5.2% on Tuesday.On Thursday, Tesla will host its annual shareholder meeting and announce the results of voting on several proposals including Musk's compensation package, which offers him an additional 12% stake in Tesla if he grows the company to an $8.5 trillion valuation over the next decade, nearly eight times its current valuation. At that level, the proposed award would be valued at slightly more than $1 trillion.With a 1.2% stake in Tesla, the fund is the sixth-largest institutional investor behind others such as Vanguard and BlackRock, according to FactSet. It is the first major institutional investor to disclose how it voted.Shareholders will also vote on the re-election of board members and a shareholder proposal that asks Tesla's board to invest in Musk's artificial intelligence startup, xAI.Smaller public pension funds, such as the American Federation of Teachers and various New York City retirement systems, have also publicly opposed the pay package, as have major proxy advisory firms Institutional Shareholder Services and Glass Lewis.Other Tesla shareholders have come out in favor of the proposal, including Morgan Stanley's Counterpoint Global fund and Florida's public pension fund. Charles Schwab, which has a stake in Tesla of around 0.6%, said on Tuesday that it would vote in favor of the package. \"We firmly believe that supporting this proposal aligns both management and shareholder interests, ensuring the best outcome for all parties involved,\" it said in a statement.Musk, who is Tesla's largest shareholder with a voting stake of around 15%, can also vote on the proposal.The proposed deal would allow Musk, already the world's wealthiest person, to receive installments of shares if Tesla hits a series of market capitalization and business milestones, which include the delivery of 20 million Tesla vehicles, putting a million robotaxis into service and reaching a three-month average of 10 million subscribers for Tesla's Full Self-Driving service.Last year, the wealth fund opposed a separate proposal to ratify a 2018 pay package for Musk that had been canceled by a Delaware judge.That proposal passed with 72% support, though the judge upheld her decision to rescind the package. Tesla is now awaiting a decision on its appeal in the Delaware Supreme Court.","news_type":1,"symbols_score_info":{"TSLL":1.5,"TSLA":1.5}},"isVote":1,"tweetType":1,"viewCount":798,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["TSLA"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":107,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}