Norway wealth fund to continue 'constructive dialogue' with Tesla after AGM

admin admin | 06-15 00:20

"We will continue to seek constructive dialogue with Tesla on this and other topics," said a fund spokesperson.
Norway's USD 1.7 trillion wealth fund, a top shareholder in Tesla, will continue "a constructive dialogue" with the automaker after its annual general meeting endorsed CEO Elon Musk's USD 56 billion pay package.

Tesla shareholders approved Musk's record pay on Thursday, a move the fund had voted against. The fund is the automaker's eighth-largest shareholder, according to LSEG data.

"We will continue to seek constructive dialogue with Tesla on this and other topics," said a fund spokesperson.

"We have regular and good dialogue with Tesla - just a week ago we met with the chair," she said, referring to Tesla Chair Robyn Denholm and without giving specifics of the discussion.

The fund held a 0.98% stake in Tesla at the end of 2023 worth USD 7.7 billion, according to fund data.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

Sky-high shopping: South Korea unveils ‘flying cart’ drone for transporting goods over any terrain

SEOUL, Oct 23 — South Korean researchers have developed a transport drone flying on multiple flexibl...

tech | 2 hours ago

Africa’s best-kept secret: Mozambique rolls out 100pc homegrown premium cigars for the global market

MAPUTO (Mozambique), Oct 23 — In a small neon-lit factory in Maputo, a dozen workers are hand-rollin...

life | 2 hours ago

In South Africa, dry taps are the new reality as water crisis deepens

JOHANNESBURG, Oct 23 — Joyce Lakela runs a nursery in Tembisa, a Johannesburg township, but these da...

world | 2 hours ago

From horror to hope: Rwanda’s genocide survivors rebuild lives 30 years on

PARIS, Oct 23 — Jeanne Allaire Kayigirwa was sure she was going to die three times during the Rwanda...

world | 2 hours ago

Hyundai Motor India lists with record IPO, commits to Indian market with new tech and EV plans

As part of its effort to introduce clean mobility solutions for Indian buyers, Hyundai will launch f...

auto | 10 hours ago

Skoda Auto Volkswagen India plants over 7 lakh trees in Maharashtra for ecological restoration

Additionally, SAVWIPL has installed 18.5 MWp of rooftop solar power at its Chakan facility, which of...

auto | 10 hours ago