Big Tesla investor will vote against Musk's massive pay package

Core Viewpoint - Norway's sovereign wealth fund, a significant investor in Tesla, plans to vote against Elon Musk's proposed compensation package, which could total up to $1 trillion over ten years [1] Group 1: Investor Reactions - Norges Bank Investment Management, managing Norway's Government Pension Fund Global, expressed concerns over the size of Musk's compensation, potential dilution, and key person risk, despite acknowledging the value created under his leadership [2] - Baron Capital Management, holding approximately 0.4% of Tesla's shares, announced support for Musk's compensation package, emphasizing his critical role in the company's success [3][4] Group 2: Compensation Package Details - Tesla's management has proposed a compensation plan that could grant Musk shares equivalent to 12% of the company, contingent on achieving ambitious performance targets related to production, share price, and operating profit [5]