Why one of Europe’s largest pensions sold its entire $585 million stake in Tesla

https://www.businessinsider.com/europe-pension-sold-entire-585-million-stake-in-tesla-2025-1

by BothZookeepergame612

11 comments

  1. Now you see why mentioning DEI among the likes of the Thiels and Musks of this world will cause them to explode. It could directly impact the bottom lines of these robber barons.

  2. The article doesn’t say, but no doubt they made a huge profit on that sale, given Tesla’s insane share price.

  3. The Tesla stock has been notably volatile throughout the year and is considered significantly overvalued. Not the type of stock you want your pension to be in.

  5. You can’t seperate politics from economics. And if that’s not the only thing, Tesla is a meme stock.

  6. Side note: I was searching for investment opportunities and had a bank‘s investment specialist explain to me the portfolios of several sustainability and ESG fonds. When I pointed out that I do not believe that I could invest in fonds having in their portfolio Tesla, Amazon, or United Healthcare, he advised me to go to another bank.

  7. ***SUMMARY***

    ###Dutch Pension Fund ABP Sells Tesla Shares Due to Concerns Over Musk’s Compensation and Workplace Issues

    ABP, one of Europe’s most significant pension funds, has divested its $585 million stake in Tesla. This Dutch fund, which manages $552 billion, expressed concerns regarding Elon Musk’s excessively high pay package and the working conditions at the electric car manufacturer.

    ABP opposed Musk’s performance-based compensation, labelling it “controversial.” Although the fund voted against it in June 2024, most shareholders approved the package. However, a U.S. judge later invalidated the approval, citing deficiencies in the voting process.

    ABP clarified that its decision was not politically motivated, despite Musk’s connections to U.S. politics, but rather aligned with its investment priorities. Despite Tesla’s popularity in Europe—where it was the best-selling car in the Netherlands in 2024—new car registrations have fallen by 15% compared to the previous year.

    Tesla, valued at $1.27 trillion, has witnessed a 74% increase in its stock over the past year, but the company has not released any comments regarding ABP’s decision.

  8. ABP has in excess of € 500 billion of assets under management, so the Tesla stock was peanuts. Thet did make some decent profit from the sale.

  9. Buying a Tesla today is support for Trump and Elons idea of a world where they rule and the rest are money cattle.

    That car brand should be dead in Europe

  11. just to point out that is 1/2200 of Tesla’s marketcap so Elon couldn’t give less of a fuck.

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