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
lordm30 on
Obviously the right move. Elon is spent currency, certainly not worth 1 trillion for tesla investors.
ProfessionalCraft983 on
Good. Stop giving that piece of shit money.
Lee1138 on
>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..
eugene20 on
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.
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.
Cynical_Classicist on
Good. Stand up to the world’s richest Nazi!
Space_Sweetness on
Sales are significantly down **because** of Musk’s actions. Are the other investors stupid?
off_by_two on
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.
Jatzy_AME on
I thought Norway’s fund had sold off all its participation in Tesla not long ago?
visitprattville on
OK then, Musk will next ask for a gazillion dollars.
Useful_Promotion_521 on
Has Tesla ever made an actual profit?
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.
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
Quercus20 on
Good for Norway!
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.
Straight_Standard_92 on
I totally support the managers of our wealth fund in this question, as do most Norwegians I believe
Holiday-Fly-6319 on
Another reason why they attack unions, money has power to them.
steve_ample on
I applaud the move, but why be in there to begin with – divest from TSLA.
Icy_Row175 on
US soon gonna support swedish revisionist forces to ditch norway for united kingdoms of sweden and norway
goabiesh on
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.
-------7654321 on
i think we are soon seeing the end of these mega money assholes running the show. time for a countermovement.
EspectroDK on
Again. They did the same last year and a few years back. Nothing to see here, I guess.
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.
Battle_of_BoogerHill on
Remember folks;
$1TN =
20,000,000 years of labor at $50k/yr
jalal82 on
Even Norway said that’s enough Monopoly money for one man
klparrot on
> “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.
-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).
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
So_HauserAspen on
There was an ad that popped up in my feed encouraging voting in the tesla situation
TheKatsMeow_00 on
Dude is like Thanos he just goes to different nations begging, taking, and stealing money.
KoalaRashCream on
Elon has to get these shares or he will not be able to keep up the ponzie scheme
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?
Florafly on
Finally, some people with sense!
Positron311 on
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.
Akiasakias on
1.14% shareholder. Big, but is this expected to be a decisive swing vote?
They voted against the last one too, but it passed.
RaidersGunz on
Means nothing.
iIt lowers the probability of the Comp package passing from 99.99% to ~99.989%.
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
czs5056 on
He already has more than enough.
Foodspec on
*Desperately* trying to become the worlds first trillionaire. What a fucking chud
Skilletmasterx on
„pay package“ …just call it a bonus, that’s what it is.
julias-winston on
He’s not gonna step down. Call his bluff.
dejoyless on
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.
NoLife2762 on
I thought they were ethical investors? Should be ashamed to be invested in this fascist not jobs company to begin with.
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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45 Kommentare
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
Obviously the right move. Elon is spent currency, certainly not worth 1 trillion for tesla investors.
Good. Stop giving that piece of shit money.
>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..
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.
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.
Good. Stand up to the world’s richest Nazi!
Sales are significantly down **because** of Musk’s actions. Are the other investors stupid?
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.
I thought Norway’s fund had sold off all its participation in Tesla not long ago?
OK then, Musk will next ask for a gazillion dollars.
Has Tesla ever made an actual profit?
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.
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
Good for Norway!
Good. You can’t have no kings and have individuals command economic powers – which translate into political power – to the equivalent of kings.
I totally support the managers of our wealth fund in this question, as do most Norwegians I believe
Another reason why they attack unions, money has power to them.
I applaud the move, but why be in there to begin with – divest from TSLA.
US soon gonna support swedish revisionist forces to ditch norway for united kingdoms of sweden and norway
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.
i think we are soon seeing the end of these mega money assholes running the show. time for a countermovement.
Again. They did the same last year and a few years back. Nothing to see here, I guess.
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.
Remember folks;
$1TN =
20,000,000 years of labor at $50k/yr
Even Norway said that’s enough Monopoly money for one man
> “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.
>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).
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
There was an ad that popped up in my feed encouraging voting in the tesla situation
Dude is like Thanos he just goes to different nations begging, taking, and stealing money.
Elon has to get these shares or he will not be able to keep up the ponzie scheme
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?
Finally, some people with sense!
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.
1.14% shareholder. Big, but is this expected to be a decisive swing vote?
They voted against the last one too, but it passed.
Means nothing.
iIt lowers the probability of the Comp package passing from 99.99% to ~99.989%.
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
He already has more than enough.
*Desperately* trying to become the worlds first trillionaire. What a fucking chud
„pay package“ …just call it a bonus, that’s what it is.
He’s not gonna step down. Call his bluff.
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.
I thought they were ethical investors? Should be ashamed to be invested in this fascist not jobs company to begin with.
I’m undecided if musk is the result of too much school bullying or not enough. My money’s on not enough tbh