EV/Lithium, page-528

...if Tesla shareholders vote for Elon's pay package, the Elon Musk cult lives.

...the future of US biggest EV maker probably rest on this single vote, and the large funds are not in favour.

$TSLA is ready for a huge move

Shareholder vote is on June 13th for Elon's $56 billion compensation package

If they don't pay Elon I bet he leaves Tesla and starts a new AI/Robotics company

https://x.com/JPATrades/status/1799847767696621598

Norway's trillion-dollar sovereign wealth fund to vote against Musk's $56 billion Tesla pay package
Cameron Manley
Updated Mon, June 10, 2024 at 10:11 AM GMT+10·2 min read

• Norway's sovereign wealth fund will oppose Elon Musk's $56 billion pay package at Tesla.
• Tesla shareholders will vote on the deal on Thursday.
• Two major proxy advisor firms have also opposed it.

Norway's sovereign wealth fund, operated by Norges Bank Investment Management, has said it will vote against Tesla CEO Elon Musk's $56 billion pay package at Tesla's annual meeting on Thursday.

In a statement, Norges Bank Investment Management said, "While we appreciate the significant value generated under Mr. Musk's leadership since the grant date in 2018, we remain concerned about the total size of the award, the structure given performance triggers, dilution, and lack of mitigation of key person risk."

Norway's sovereign wealth fund is valued at $1.7 trillion and is the eighth largest Tesla shareholder, per Reuters.