Summary

Dutch pension fund Stichting Pensioenfonds ABP sold its $585 million Tesla stake over concerns about Elon Musk’s “controversial and exceptionally high” pay package and unspecified labor conditions.

ABP previously voted against Musk’s performance-based compensation, which has faced shareholder lawsuits and judicial scrutiny.

A Delaware judge recently invalidated the pay package, citing insufficient shareholder approval.

While Tesla’s Model Y remains popular in the Netherlands, European sales fell 15% in 2024.

ABP stated the divestment was not politically motivated despite Musk’s ties to the Trump administration.

  • @Mrkawfee
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    122 days ago

    Yes psychedelics change perspective but you can still be a cunt. It’s not a silver bullet unfortunately otherwise we’d have been in utopia after the 1960s.

    • @[email protected]
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      92 days ago

      As Bron so eloquently stated in Game of Thrones: “There’s no cure for being a cunt.”