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.

  • kn0wmad1c
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    2 days ago

    Can you help me understand the link you posted? Because when I load it it shows a 16% decrease in sold shorts.

    • TrenchcoatFullOfBats@belfry.rip
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      2 days ago

      The 18% down figure is just over the last month. Scroll down to the short interest history to see how many months shorts have been up vs down.