Tesla Faces Shareholder Opposition; Stock Drops Before Vote on Musk Pay
Photo by Luke Thornton on Unsplash
Tesla's stock fell by 2.6% in early trading on Tuesday, according to Forbes. This decrease occurred as Norway's sovereign wealth fund, a holder of 1.14% of Tesla's stock, announced it would vote against CEO Elon Musk's proposed $1 trillion compensation package at the upcoming shareholder meeting on Thursday.
Key takeaways
- Tesla's stock experienced a 2
- 6% decline in early trading Tuesday, as reported by Forbes
- This drop coincided with an announcement from Norway's sovereign wealth fund, which holds a 1
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