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    1. The wording surrounding these oligarchs is so divorced from normal life. Why are we still giving them the time of day or tolerating them. The west has a long history of resistance and standing up to oppressors, so why are we letting these tyrants walk around with their heads held high. Musk and his cronies should be treated like walking diseases everywhere they go

    2. Obviously the right move. Elon is spent currency, certainly not worth 1 trillion for tesla investors.

    3. >Norway’s $2 trillion sovereign wealth fund said it will vote against Elon Musk’s trillion-dollar pay package at Tesla’s annual shareholder meeting this week, rebelling against management guidance and threats from Musk to step down if the deal is rejected.

      Don’t threaten me with a good time.. 

    4. Yale study just released concluded that Elon’s antics cost Tesla a million sales, he should be kicked out with nothing. Norway’s fund is just voting the appropriate way.

    5. MikeInPajamas on

      Musk is a man who consistently *fails* to deliver.

      Tesla is an artificially propped-up brand. It has an absurd P/E and no product pipeline, nor realistic future customer profile, to support it.

      Musk will have you believe in an autonomous fleet future. It’s in **his** interest for people to believe his fairytales.

      Again, Musk is a man who *consistently* fails to deliver.

    6. Space_Sweetness on

      Sales are significantly down **because** of Musk’s actions. Are the other investors stupid?

    7. Insane to even consider. What large company has ever seriously proposed to pay their CEO and largest shareholder 2/3 of their entire market cap?

      Musk knows TSLA stock is massively divorced from any realistic valuation of the underlying business and is a cult stock based on him. He’s betting on shareholders picking the lesser of two evils: huge sustained share dilution over a likely flash crash towards reasonable valuation.

      He also can’t be fired as CEO, he controls the board. From his perspective he has all the leverage.

    8. I thought Norway’s fund had sold off all its participation in Tesla not long ago?

    9. VidalEnterprise on

      That’s so sad for Elon. He really wants to be a trillionaire. He’s like a little baby who won’t get his way.

    10. apoca1ypse12 on

      Time to short the shit out of his stocks. He’s been manipulating the his stock, and SEC was not able to do anything to stop it. Tsla has a 323 P/E. And he hasnt delivered on a lot of his promises, including FSD, solar, AI, full automation and even the new vehicles (cybertruck) have not lived up to expectations. When the market crashes, this needs to be brought back down to earth. 20 P/E…MAX

    11. alvinofdiaspar on

      Good. You can’t have no kings and have individuals command economic powers – which translate into political power – to the equivalent of kings.

    12. Straight_Standard_92 on

      I totally support the managers of our wealth fund in this question, as do most Norwegians I believe

    13. US soon gonna support swedish revisionist forces to ditch norway for united kingdoms of sweden and norway

    14. It’s genuinely baffling that this is even a debate. When a CEO’s public behavior actively drives away customers and hurts the brand, rewarding them with a historic payday is terrible governance. This isn’t about being anti-wealth; it’s about basic fiduciary responsibility to the company’s actual long-term health. Funds like Norway’s are right to call this out for the absurdity it is.

    15. -------7654321 on

      i think we are soon seeing the end of these mega money assholes running the show. time for a countermovement.

    16. Again. They did the same last year and a few years back. Nothing to see here, I guess.

    17. Desperate_Week851 on

      At some point, Tesla’s financials will have to matter. Talking about a $1T pay package for the CEO of a company barely making $5B in yearly profits is absurd.

    18. > “Tesla is worth more than all other automotive companies combined,” Musk wrote in a post on X last month in response to a critic of the pay proposal.

      See that right there would get me reevaluating my investment in them as likely overvalued.

    19. -Ok-Perception- on

      >Elon will step down as CEO if this pay package is not approved.

      Good riddance, he played no part in the engineering or design of Tesla or SpaceX’s projects. He played no part in the brainstorming even. Elon has 3 patents to his name, though none are in use. Elon likes to claim „intellectual ownership“ of his projects and constantly imply that he engineered them, much like Thomas Edison (who also invented nothing, he was just a rich man who bought intelligent engineers).

      He just bought into the C suite level. And that’s it. His father’s emerald mines let him move to America and buy into profitable start-ups in the early days. He was also good at being an autistic eccentric hype man, who seemed like a crazy mad scientist before we determined he’s just a garden variety eccentric dimwit.

      His wild eccentricity is no longer the asset people thought it was. The more he opened his mouth the dumber he shown himself to be and the more his true fascist colors became apparent.

      Tesla stock has tanked ever since Elon allied with MAGA and anyone who held onto Tesla after that point has been hemorrhaging money.

      It’s far past time he was booted out. He’s mismanaged the fuck out of Tesla which is still overvalued as hell (it still has a long way to fall before the stock price makes sense).

    20. Mother-Green on

      This is so gross on so many levels, he could literally end world hunger but all he wants is more money for himself, I detest this man

    21. So_HauserAspen on

      There was an ad that popped up in my feed encouraging voting in the tesla situation

    22. TheKatsMeow_00 on

      Dude is like Thanos he just goes to different nations begging, taking, and stealing money.

    23. KoalaRashCream on

      Elon has to get these shares or he will not be able to keep up the ponzie scheme

    24. NegativeLayer on

      I seem to recall that the Norway sovereign fund opposed Musks pay package the last time it came up for a vote too. It was not enough to sink it. Any reason to expect a different result this time?

    25. It’s a sovereign wealth fund not a „mega“ wealth fund reporter dumbasses.

      Then again if that got out people might realize that this is actually something we can use to get ourselves out of debt and provide for welfare at the same time. But we can’t have that because we’re dumbasses.

    26. 1.14% shareholder. Big, but is this expected to be a decisive swing vote?

      They voted against the last one too, but it passed.

    27. Means nothing.
      iIt lowers the probability of the Comp package passing from 99.99% to ~99.989%.

    28. 343GuiltyySpark on

      Cool they own 1.1% of outstanding shares, they’re not even beneficial shareholders. This is like you or me threatening to quit our job at a 100 person firm and wanting people to the think we’re making a difference in how the company treats employees

    29. *Desperately* trying to become the worlds first trillionaire. What a fucking chud

    30. He alienated his entire target market. Telsa needs less Elon, not more. At one point I was considering buying a Tesla. Now, you couldn’t get me to take a Tesla if you paid me $1 Trillion – because of Elon.

    31. I thought they were ethical investors? Should be ashamed to be invested in this fascist not jobs company to begin with.

    32. AvailableReporter484 on

      I’m undecided if musk is the result of too much school bullying or not enough. My money’s on not enough tbh

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