The day before Tesla's shareholders meeting, Norway's sovereign wealth fund publicly opposed Musk's exorbitant pay package.
According to the Wise Finance APP, the Norwegian Sovereign Wealth Fund, as the ninth largest shareholder of Tesla (TSLA.US), voted against Tesla's unprecedented $100 billion compensation plan for its CEO Elon Musk. This is currently the strongest opposition signal from one of Tesla's major shareholders. As of the time of writing, Tesla's pre-market stock in the US fell more than 2% on Tuesday.
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