this post was submitted on 22 Jan 2025
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Summary

Dutch pension funds ABP and Bpf Bouw sold their Tesla shares, citing concerns over Elon Musk’s $56 billion bonus, which they deemed inconsistent with good governance.

ABP’s sale, worth $650 million at the time, sparked controversy, including criticism from Musk.

ABP defended the decision, emphasizing its long-term investment strategy and new policy to reduce its stock portfolio.

Other Dutch pension funds, while critical of Tesla's governance, have retained their shares for now.

Tesla has faced broader ESG-related divestments from other Dutch funds over labor practices and governance issues.

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[–] Venator@lemmy.nz 15 points 6 hours ago

I'd imagine that's just PR talk because they don't want to tank the price while they're still holding the bag.