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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.
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.
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
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.
Norway's sovereign wealth fund posts record $222 billion annual profit on tech boom
Sovereign Wealth Fund: "The American technology stocks in particular performed very well," Nicolai Tangen, CEO of Norges Bank Investment Management (NBIM), the fund's operator, said in a statement.
Norway's Wealth Fund Achieves Record Profit Amid Tech Surge
Norway's sovereign wealth fund, the largest globally, achieved a record profit of 2.51 trillion crowns in 2024, primarily due to a tech stock rally. However, CEO Nicolai Tangen cautioned that such high returns may not persist.
8d
on MSN
CEO Nicolai Tangen, whose Norway wealth fund owns $173 billion of the Magnificent 7, tells investors to sell U.S. tech stocks
The boss of the $1.8 trillion wealth fund told investors to take a contrarion approach, even if it leads others to ...
devdiscourse
1d
Norwegian Wealth Fund Chief Warns of Market Correction
The head of Norway's sovereign wealth fund, Nicolai Tangen, cautioned about the unsustainable high performance of global ...
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