特斯拉一大股东，将投反对票

Core Viewpoint - The Norwegian Government Pension Fund, one of the largest sovereign wealth funds globally, plans to vote against Elon Musk's "trillion-dollar compensation plan" at Tesla's annual shareholder meeting on November 6 [1][2]. Group 1: Compensation Plan Details - Musk's compensation plan proposes that if he can increase Tesla's valuation to $8.5 trillion over the next 10 years, he would receive an additional 12% of Tesla's shares, valued at over $1 trillion [1]. - This compensation plan is described as the largest in history, but it includes a clause that Musk will not receive any payment if the company's market value does not significantly increase [1]. Group 2: Investor Reactions - Norges Bank Investment Management, the fund managing the Norwegian sovereign wealth fund, expressed concerns about the total compensation amount, equity dilution, and key person risk, aligning with their views on executive compensation [3]. - The fund is Tesla's seventh-largest shareholder, holding 1.12% of the company, valued at $17 billion, and previously voted against Musk's earlier $56 billion compensation plan from 2018 [3]. - In contrast, Baron Capital, another major shareholder, announced support for Musk's compensation plan [3]. Group 3: Other Institutional Investors - Other institutional investors, such as BlackRock, Vanguard, and State Street, have not disclosed their voting intentions ahead of the shareholder meeting [4]. - Tesla's board is actively seeking shareholder approval for the plan, with warnings that a rejection could lead to Musk's departure and the potential appointment of a new CEO from within the company [4].