Core Viewpoint - Elon Musk's "trillion-dollar compensation" plan faces significant opposition, particularly from Norway's sovereign wealth fund, which has announced its intention to vote against the proposal [1][2] Group 1: Shareholder Opposition - Norway's oil fund, managing $2.1 trillion, appreciates Musk's leadership but will vote against his compensation plan due to concerns over its overall scale, equity dilution, and failure to mitigate key person risk [2] - This is not the first time the fund has opposed Musk's high compensation; it previously voted against a $56 billion plan, which was later approved but subsequently rejected by a Delaware court [2] - Several large pension funds have also publicly opposed the compensation plan, arguing that the board's relentless pursuit to retain Musk harms Tesla's reputation [2] Group 2: Voting Timing and Relationship Tensions - The Norway fund typically announces voting intentions five days before the annual meeting but did so only two days in advance this time, aiming to ensure all relevant information was considered [3] - The fund's voting stance reflects a tense relationship with Musk, who declined a dinner invitation from the fund's CEO after the rejection of the previous compensation plan [3] - Musk's comments on social media suggest he believes Tesla's value surpasses that of all other car companies combined, indicating he may not be easily replaceable [3] Group 3: Market Implications - Morgan Stanley has warned that if Musk's compensation plan is not approved, Tesla's stock could face an immediate drop of over 10%, signaling a lack of confidence in Musk's leadership [4] - The rejection of the plan could also lead to uncertainty regarding the company's strategic outlook and increase the risk of losing key talent [4]
位列特斯拉前十大股东，挪威主权基金将再度投票反对马斯克“万亿薪酬包”
Hua Er Jie Jian Wen·2025-11-04 12:33