Norway’s sovereign wealth fund, a major investor in Tesla, plans to vote against Elon Musk’s proposed $1 trillion compensation package at the company’s annual meeting. Concerns include award size, dilution, and key person risk. The fund holds a 1.16% stake in Tesla, making it the sixth largest institutional investor.

Baron Capital Management, holding 0.4% of Tesla shares, supports Musk’s compensation package. Founder Ron Baron believes Musk is crucial to Tesla’s success and has aligned interests with investors. Musk, Tesla’s largest investor with 15.79% of shares, is integral to the company’s vision and growth.

Tesla’s management has outlined a compensation plan for Musk that could award him up to 12% of the company in shares if performance targets are met. This includes significant increases in car production, share price, and operating profit. The proposal has sparked division among investors ahead of the annual meeting.

Read more at Yahoo Finance.: Big Tesla investor will vote against Musk’s massive pay package