Elon Musk's net worth fell by $17.5 billion after Tesla's shares tumbled 5%, amid opposition from Norges Bank and others to his $1 trillion pay proposal.

Tesla, Inc. (NASDAQ: TSLA) shares are falling Tuesday as the company continues to face vehicle sales headwinds. Here's what you need to know.

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.

Norway's sovereign wealth fund, Tesla's sixth-largest outside investor, said on Tuesday it would vote against ratifying a proposed pay deal for CEO Elon Musk potentially worth $1 trillion.

Shares in data analytics software developer Palantir tumble even as the company tops analysts' earnings estimates.