Elon Musk Declines Dinner Invitation From Norway Wealth Fund CEO After Pay Dispute

The Tesla CEO turned down Nicolai Tangen's invitation following the fund's repeated votes against his record-breaking $56 billion pay package.

Elon Musk refused an invitation to a dinner hosted by Nicolai Tangen, CEO of Norway's $1.7 trillion sovereign wealth fund, citing past disagreements over his Tesla pay package.
Norges Bank Investment Management, a top Tesla shareholder, voted against Musk's compensation plan in 2018 and 2024, citing concerns over its size, structure, and key person risk mitigation.
Musk's compensation deal, initially valued at $56 billion, has grown to $100 billion due to Tesla's rising market value, but remains contested legally and by some shareholders.
Text messages between Musk and Tangen reveal Musk's frustration, accusing Tangen of needing to 'make amends' before asking for favors, and later questioning the release of their messages to the media.
Norway's sovereign wealth fund, Tesla's seventh-largest shareholder, manages public records under transparency laws, which led to the release of the messages.