Tesla Stock Drops Before Shareholder Meeting As Major Investor Plans Vote Against Musk Pay Plan

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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.