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Europe's largest pension fund sells entire ₹5,000-crore stake in Tesla over Musk's pay
short by Ashley Paul / on Monday, 13 January, 2025
Europe's largest pension fund ABP Pensioenfonds sold its entire €571 million (over ₹5,000 crore) stake in Tesla over disagreements regarding CEO Elon Musk's pay package. "We had a problem," ABP said, adding that it considered costs, return, responsible investment requirements and even poor working conditions at Tesla while ditching the investment. ABP had called package "controversial".
read more at CNBC-TV18