Tesla Stock Drops Before Shareholder Meeting As Major Investor Plans Vote Against Musk Pay Plan
Core Viewpoint - Tesla's stock experienced a decline of 2.6% following the announcement from Norway's sovereign wealth fund regarding its intention to vote against a substantial pay package for CEO Elon Musk, which could amount to $1 trillion [1]. Group 1 - Norway's sovereign wealth fund holds a 1.14% stake in Tesla [1]. - The fund's decision to vote against Musk's pay package is scheduled for Thursday [1]. - The proposed pay package for Musk has a potential value of $1 trillion [1].