Tesla Stock Drops Days Before Shareholder Vote On Musk’s Pay

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Tesla’s stock dropped 2.6% after markets opened on Tuesday, shortly after Norway’s sovereign wealth fund, which owns a 1.14% stake in the electric car maker, announced it would vote Thursday against a pay package for CEO Elon Musk that could be worth $1 trillion.

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This is a breaking story and will be updated.

Source: https://www.forbes.com/sites/zacharyfolk/2025/11/04/tesla-stock-drops-before-shareholder-meeting-as-major-investor-plans-vote-against-musk-pay-plan/