Europe’s largest pension fund, Stichting Pensioenfonds ABP, has sold its €571 million stake in Tesla Inc., citing disagreements with CEO Elon Musk’s compensation package as a major factor. The move also considered cost and return on investment, but ultimately prioritized responsible investing over personal differences with the billionaire founder.
Source: https://www.bloomberg.com/news/articles/2025-01-12/europe-s-largest-pension-fund-sold-tesla-stake-over-musk-s-pay