That's all.

If ever further proof were needed that the Tesla board is nothing but Elmo's sock puppets, this is it. How anyone can propose this with a straight face is beyond me. He is *literally* aiming to become Dr Evil.

Have you actually looked at the package? As with the previous package, Tesla would have to achieve hugely ambitious milestones in order for Elon to get his shares. Market cap of $8.5 trillion. Operating profit of $400 billion. 20 million Tesla vehicles on the road. 10 million FSD subscriptions. Etc, etc. It's not as if he's asking for a handout. If Tesla hits even a few of those milestones, *all* Tesla investors will do extremely well. Which is why most supported the previous comp package, and I suspect will support this one too. In a world where CEOs commonly get massively rewarded for failure and cutting jobs, *more* CEOs should have their compensation tied to ambitious success targets like Elon.

Musk's foray into politics has hurt his reputation -- his political bedfellows don't believe in 'green' anything and are actively working to undermine it (especially in the US). Their trade policies also make building these cars more expensive which opening the market to better organized competition that can produce product a lot faster and cheaper (BYD is just the biggest example, not the only one).

A year ago I would have regarded shorting Tesla stock as nonsensical. Today, not so much -- the company as it is at the moment is starting to look insolvent**. A trillion dollar stock grant would be just a way of diluting investors' holdings that will improve the financial picture at Tesla (and Musk) at the expense of the rest of the shareholders, the ones that paid money for their holdings. I can understand why the Norwegians would want to nix it, they want to preserve the value of their investment. The company has value but its no longer tied to a charismatic, mercurial individual. It would be better off without him.

(**IMO)

"... don't believe in 'green' anything ..."

Has anyone suggested to Elmo about putting a good ol American V8 cast iron lump in a Tesla. Or two V8s. Call it a dual-motor!

Upvote for making me giggle.

Seriously, there are better looking candidates to do that to, even from the risible recent history of American automotive adventures.

A Tesla with an internal combustion engine would be ugly meets obsolete.

Indeed. Perhaps intended to be argued down in public to something closer to reality so that it cannot be challenged in court later?

My opening gambit: $0bn + the horse you rode in on.

"Norway or nothing." I believe.

I wouldn't give the blighter the time of day, certainly not Norway so it's a well deserved nothing.

Still he is likely to get the $1T and the Norwegian fund will likely slowly divest.

I never did work out which option the UK actually got with Boris and Co. at the helm — in hindsight seems like less than nothing.

Tesla stock down 4% is not horrible. They've had worse days than that and it seems to recover fine.

Everyone thinks His Muskiness is a genius that an do no wrong, but it's a very real possibility that Tesla might do even better with someone else as CEO.

There were a lot of people who thought that Apple would implode once Steve Jobs was gone. One could argue that the "vision" has faltered without him, but you can't argue with the financials that Cook has delivered or the health of the company.

If you're the owner of the fund in Norway, 4% is a loss of $680,000,000. I'd be a little upset if I lost this

Footnote:

The fund is Tesla's seventh-biggest owner with a 1.12 per cent stake worth $17 billion

Yes, but it's already made more than enough over the years with the investment and won't be worried by a single's day volatility. In fact, I already think it's reduced its share due to the governance problems. Maybe Trump will threaten Norway with tariffs even though Elon hates them? If it's good enough for Canada or Brazil, it's good enough for Norway, right Little Donny Dumb?

The movements in the shareprice tells us all we really need to know about the investors. A skilled and experienced investor like Norway explains it will vote against the award and the problems with the proposed award and the market throws a fit instead of applauding governance…

By chance today I dipped into a couple of "investor" shows on YouTube and they all seem to think that Musk can do no wrong: the expensive failure that is the Cybertruck has been forgotten; the much delayed and uninspiring Robotaxi launch has been forgiven; the problems with autonmous driving will be miraculously fixed in an update. Well, I guess that's better than reading the financials, which even without lower sales due to a tarnished brand, look bad. The revenue of $ 95 billion is only important if you understand that Tesla's profits are significantly and probably permanently down and it will soon be back burning cash. Competition in key markets is much fiercer and the enviromental credit scheme, responsible for most of Tesla's profits has gone.

Tesla is an elevator stock - it goes up and down. I buy and sell a few Tesla shares every few months and made nice money - 22.5% gain this time.

Would that be because while successive British governments were pi**ing the revue out in tax cuts to stay in power and support the unemployment lines their policies had created the Norwegians used it to invest in their future? I rather think so.

The UK ceased to be a net exporter of both oil and gas decades ago but Norway's wealth is assured.

And as long as they don't hand what's basically an obscene amount of shares (and hence wealth) to the musky one I think they will keep doing it.

Norway used to be the poor man of northern Europe.

Basically, yes. We have unregulated "free market" economics to blame, thanks to Thatcher and Reagan, whereby all the country's public assets have been systematically stripped (at knock-down prices to political funders), privatised, and turned into profit centres. It's why we have the most expensive energy, water, trains, postal service, etc., etc. with the lowest possible level of service, and why, despite the highest level of post-war taxation in history, we are poorer than ever, with the exception of very few incredibly, obscenely, rich individuals, most of whom take their money offshore to avoid taxation.

Somehow, though, people are still easily tricked into blaming the poorest and most vulnerable in society for all their ills, while ignoring the metaphorical (and in some cases literal) lords in their gilded mansions on the hill.

The Thatcher "tax cuts" were also illusory. Yes, the very top rate of tax was cut from 98% to 40%, but the base rate of tax was a more modest change from 33% to 25%. The Major government introduced a very narrow 20% band too.

But VAT increased first to 15% then 17.5% (and has since gone up to 20%). And VAT extended to more of the necessities of life including electricity and gas.

Mortgage income-tax relief at source was scrapped by the Thatcher / Major administrations.

The overall tax take in 1979 when Thatcher came to power was 31.2%. The overall take when the Tories left in 1997? 31.3%

In short our North Sea wealth was squandered on a one-time shift of the UK away from productive to speculative endeavour. Something we have never recovered from.

"Tesla's board chair Robyn Denholm warned last week that Musk might leave if the proposed stock award - potentially worth up to $1 trillion over 10 years - isn't approved."

The Turdla board of dumb rectums should have fired him already. Having a CEO making Nazi salutes is NOT a good look, particularly when you're an electric car manufacturer and not a Klan bedsheet company.

The board members of Tesla are cut from the same cloth as Musk. Being around him, they'd long have known about his far right tendencies, and not cared one jot, probably because they all hold the same political views. The 'tler salute was just one more very obvious sign of Musk's political views, but to use a few well-worn adages, judge a man by the company he keeps, and when someone tells you who they are, believe them the first time. You'd have to be delusional to think that Musk's political stance is anything other than that which it obviously appears to be, and equally delusional to think that any of the Tesla board are so naïve as to not know full well what he is.

The Internet tells me, maybe accurately, that the trillion dollars is contingent on Musk meeting exceedingly optimistic performance goals. My GUESS is that even if the deal is approved, the goals are likely impossible to meet. In which case Musk gets nothing -- no salary -- nothing.

Couldn't happen to a more deserving individual.

You seem to suffer from a severe case of jealousy induced MDS.

I seem to recall Musk's previous very generous pay packages being equally contingent upon "performance," but somehow him still managing to walk away with his pockets filled. It's almost as if such performance targets can be gamed, especially if the one whose payout depends on them is (or is closely linked to) the one in charge of setting and measuring them. Case in point: musks other companies suddenly buying up all those Cybertrucks when nobody wants to drive a skip on wheels that breaks when it goes through a car wash, and which meets so few safety standards it can't be sold in many places outside of the US.