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Musk, Norway and Tesla

Elon Musk gave the cold shoulder to Norway’s $1.4 trillion sovereign wealth CEO Nicolai Tangen after the fund snubbed the Tesla CEO’s pay package—twice

Musk texted Tangen it would be too “difficult and expensive” to travel to Oslo for a home-cooked dinner with other CEOs.

New York Post on MSN · 1d

Elon Musk disses boss of Norway’s $1.7T wealth fund that voted against his massive pay deal

Last summer, the firm helped strike down a $56 billion pay deal for Musk that would now be valued at around $100 billion after Tesla’s stock soared last year.

The Financial Times · 2d

Elon Musk clashed with Nicolai Tangen over Norway oil fund’s vote against Tesla pay

Elon Musk clashed with Nicolai Tangen, chief executive of the Norwegian oil fund, after the fund last year voted against the Tesla boss’s huge pay package, newly released text messages show.

Norway wealth fund posts record $222 billion profit

Reuters · 1d

Norway wealth fund posts record $222 billion profit but warns tech boom won't last

Norway's $1.8 trillion sovereign wealth fund, the world's largest, reported on Wednesday a record annual profit of 2.51 trillion crowns ($222 billion), driven by last year's tech rally.

financefeeds · 6h

Norway’s sovereign wealth fund invests $400 million in Bitcoin

Norway’s sovereign wealth fund, the Government Pension Fund Global (GPFG), has increased its indirect Bitcoin exposure by 153% year-over-year

Bloomberg on MSN · 1d

Norway $1.8 Trillion Fund Ended 2024 With Tech-Heavy Top Ten

Norway’s $1.8 trillion wealth fund ended 2024 with a tech-heavy top ten, just as the success of the artificial intelligence model developed by Chinese startup DeepSeek raises the specter of a correction in the AI-driven stock rally.

Engineering News6h

Norway new-car market now 89% electric

Just short of 89% of the new cars sold in Norway last year were battery electric vehicles (BEVs), according to statistics released by the Norwegian Road Federation. In 2023, the BEV share reached 82.4 ...

CoinDesk15h

World’s Largest Sovereign Wealth Fund Has Indirect Bitcoin Exposure of More Than $355M

Norway’s sovereign wealth fund saw a 153% year-over-year increase in indirect bitcoin exposure in 2024, according to K33 ...

Wall Street Breakfast Podcast: Tesla, BMW Drive Into EU Tariff Battle

Tesla, BMW challenge EU tariffs on China-made EVs. EV success: Norway on track to be first country to go fully electric.

The Local1d

Today in Norway: A roundup of the latest news on Wednesday

Elon Musk's spat with the head of Norway’s ‘oil fund’, an increase in those receiving NAV financial assistance in 2024, and ...

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Musk, Norway and Tesla

Norway wealth fund posts record $222 billion profit

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