Overview
- Norway’s $2 trillion sovereign wealth fund said it has voted against the package, citing size, dilution, and unmitigated key‑person risk.
- Proxy advisers ISS and Glass Lewis have recommended shareholders reject the plan.
- Tesla’s board has mounted a public campaign for approval, with Chair Robyn Denholm warning the company could lose Musk if the award is denied.
- The proposed decade‑long award ties potential stock grants to ambitious milestones, including an $8.5 trillion market value and deploying one million robotaxis and one million Optimus robots, and could lift Musk’s stake toward roughly 29% if fully earned.
- Prediction markets show a strong implied chance of shareholder approval, though no payout occurs unless Tesla meets the specified long‑term targets.