Elon Musk Tried to Pressure Norway’s Wealth Fund—A Major Tesla Shareholder—to Approve His Compensation Package

Posted: Jan 28, 2025

  • Elon Musk tried to influence Norway's sovereign wealth fund to support his Tesla pay package
  • The fund manages $1.8 trillion and holds a stake in Tesla
  • Musk accused CEO Nicolai Tangen of leaking texts to the media
  • Norwegian transparency laws required partial disclosure of texts
  • The tension between Musk's desire for discretion and the fund's legal obligations
  • Fund released all texts, emphasizes positive relationship with Tesla but opposes Musk's pay plan
  • Elon Musk text messages released to CEO Nicolai Tangen by Norway's Wealth Fund
  • Musk pressured Tangen on compensation package that the fund voted against
  • Tangen invited Musk to investment conference, Musk declined
  • Musk questions Tangen about sending messages to the press
  • Norway has similar legislation to the American Freedom of Information Act
  • Text messages previously kept secret, now released for transparency
  • Messages related to relationship between the fund and Tesla, including voting against Musk's compensation package
  • Nicolai Tangen not available for interview on the matter




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