Last week it became known that Nicolai Tangen’s planned dinner with Elon Musk is going down the drain. The tech billionaire initially gave the thumbs up to attend the oil fund conference next year, but pulled out of the event because it would be “too expensive and difficult” for him. Tangen has been criticized for being a fan of Musk. He rejects that. – We own 90 billion in Tesla, and have earned 60 billion on those shares. Just yesterday we made 10 billion on those shares. That is why we are in Tesla, answers Tangen. Says the ethics council must decide Tangen says they must have a relationship with the large companies they have invested in. – It is unfortunately a fact that many American companies have a bad relationship with trade unions, he says. – We in the oil fund invest quite close to an index. And the big companies are there. If we are to sell out of Tesla, we must be informed by the ethics council, or it must be a political decision. Selling ourselves in a company where we have 90 billion in shares is not something we can do on our own, says Tangen. “The coolest dinner” In April this year, the Tesla founder guested on Tangen’s podcast. During the same period, Tangen tried to persuade Musk to attend the dinner. It was after this episode that Musk was invited to what Tangen sold as “the coolest dinner in Europe next year”. Several of the text messages that have been sent between Tangen and Musk have been published in Norwegian online newspapers. DN has obtained access to the SMS Musk sent Tangen in which he withdrew from the event. Monday 15:16 Nicolai Tangen: Hi Elon, Mind blowing event by SpaceX’s recent launch – straight out of science fiction! BIG congrats. You make things happen! I hope you can still make our conference in April next year, it will be the best conference in Europe. John Elkann, Tony Xu, Novo, Ferrari etc etc and many others are coming. I promise it will be a lot of fun. We are in contact with Jehn from your team, I just wanted to send you a personal message as well. Best Nicolai. Monday 19:35 Elon Musk: This would be very difficult and expensive for me to attend Thinks the Oil Fund should get out of Tesla Mímir Kristjánsson (R) thinks Tangen and the Oil Fund should withdraw from Tesla, rather than “cheering” on Musk and his company. The background is, among other things, that the Tesla boss has repeatedly criticized trade unions. The electric car company has no collective agreements with its employees. This has led to prolonged strikes among Tesla employees in Sweden. – Rather than being critical, it seems as if the Norwegian oil fund, with Nicolai Tangen at the head, is cheering for Elon Musk and cheering for Tesla, while Norway should really withdraw from there and protest the way working people are treated, says Kristjansson to news. CRITICAL TO THE TONGS: Mímir Kristjánsson (R). Photo: Ole Berg-Rusten / NTB Frps Christian Tybring Gjedde says Tangen’s mission is to make as much money as possible for the Oil Fund. Voted against salary package In June this year, the Oil Fund voted against a very lucrative salary package for Elon Musk. They thought it was too high. The main character referred to this on X as “not good.” Soon after, Musk followed Tangen on the platform, according to DN. The majority in Tesla’s general meeting nevertheless approved the salary package of NOK 477 billion for Musk. Pulled out The Government Pension Fund abroad has previously pulled out of American companies. In 2006, the Oil Fund got rid of shares to the value of NOK 2.5 billion in Wal-Mart following recommendations from the Ethics Council for the Oil Fund, which, among other things, believed it could demonstrate that Wal-Mart, among other things, prevented trade unions. The company later lifted the ban. Kristjansson believes that the ethical guidelines have recently been tightened to safeguard employees’ rights, and believes that this provides a good opportunity for the oil fund to be withdrawn from Tesla. CONTROVERSIAL: Elon Musk supports Trump, handing out money to people who sign a petition. Photo: Screenshot from America Pac sinX/Twitter account Office awards In addition to attending public meetings with presidential candidate Donald Trump, the tech billionaire has traveled around and visited swing states ahead of the presidential election in the United States. He has created his own campaign supporting the former president. Part of the campaign is handing out money. He is raffling off a million dollars to a voter who has signed a petition to preserve the right to free speech and to bear arms. The campaign has led to reactions in the United States. Published 25/10/2024, at 07.39 Updated 25.10.2024, at 07.56
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Nicolai Tangen receives criticism for cheering on Elon Musk – news Norway – Overview of news from different parts of the country
