Norway's sovereign wealth fund, the world's largest and a significant Tesla shareholder, announced it will vote against Elon Musk's proposed $1 trillion compensation package at the upcoming annual general meeting on November 6. The fund cited concerns over the total size of the award and a lack of risk mitigation related to a key person. This decision places the fund in opposition to other prominent investors who have pledged their support for the CEO's pay plan. The shareholder meeting is considered a pivotal event for Tesla, with investors also set to vote on a potential multi-billion dollar investment into Musk's AI venture, xAI, and the re-election of key board members. The vote on the pay package is seen as the most critical, with prediction markets indicating a high probability of it passing despite the opposition from some institutional investors. The outcome of these votes will have significant implications for Tesla's future direction and corporate governance.