Core Viewpoint - The proposed $1 trillion compensation plan for Elon Musk is facing significant opposition from major investors, including Norway's sovereign wealth fund and Calpers, which may impact Tesla's governance and future direction [1][3][4]. Group 1: Opposition to Compensation Plan - Norway's sovereign wealth fund announced it will vote against Musk's $1 trillion compensation plan at Tesla's upcoming annual shareholder meeting, citing concerns over the plan's scale and potential dilution of shares [3]. - Calpers, the largest public pension fund in the U.S., also plans to oppose the compensation proposal, arguing it far exceeds compensation packages of similar companies and raises governance concerns [4][5]. - Both funds have expressed their discontent with the governance structure at Tesla, indicating a broader concern among institutional investors regarding executive compensation and corporate governance [5]. Group 2: Potential Impact on Tesla - Tesla's board chair, Robin Denholm, warned that if Musk's compensation plan is not approved, he may leave the company, which could lead to significant value loss for Tesla [7]. - 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, including increasing its market value from approximately $1 trillion to $8.5 trillion [7][8]. - Analysts suggest that the outcome of the vote will not only determine Musk's compensation but also the future governance structure of Tesla, with potential implications for the company's strategic direction [9]. Group 3: Shareholder Meeting Details - The annual shareholder meeting is scheduled for November 6, where the fate of the compensation plan and other proposals, including a potential change in Tesla's registered location, will be decided [10].