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Core Viewpoint - The proposed $1 trillion compensation plan for CEO Elon Musk faces significant opposition from major investors, including Norway's sovereign wealth fund and Calpers, which may impact Tesla's governance and future direction [1][2][3]. Group 1: Opposition to Compensation Plan - Norway's sovereign wealth fund announced plans to vote against Musk's $1 trillion compensation proposal at Tesla's upcoming annual shareholder meeting [2]. - Calpers, the largest public pension fund in the U.S., also plans to oppose the compensation plan, citing its excessive scale compared to peer companies [3][4]. - Both funds express concerns over the potential dilution of shares and the concentration of power among a single shareholder [2][3]. Group 2: Potential Consequences of Vote - If the compensation plan is not approved, Tesla's board chair warned that Musk might leave the company, which could lead to significant value loss for Tesla [5]. - The compensation plan is designed to incentivize Musk to lead Tesla for at least another 7.5 years, with ambitious performance targets set for the company [5][6]. - The outcome of the vote on November 6 will not only determine Musk's compensation but also influence Tesla's governance structure and strategic direction [7]. Group 3: Performance Metrics and Goals - The compensation plan includes performance benchmarks that Musk must meet to receive full payment, including increasing Tesla's market value from approximately $1 trillion to $8.5 trillion and achieving various operational goals [5][6]. - The plan aims to align Musk's interests with shareholder value and long-term company growth, despite facing significant resistance from institutional investors [6]. Group 4: Broader Implications - The shareholder vote will also address other proposals, including a potential change in Tesla's registered location, with results expected to be announced after the voting concludes [8].