Europe’s Largest Pension Fund Sold Tesla Stake Over Musk’s Pay

Bloomberg01-13

(Bloomberg) -- Europe’s largest pension fund sold its entire €571 million ($585 million) stake in Tesla Inc. in the third quarter partly due to disagreement with Elon Musk’s remuneration package.“We ...

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Comments

RUW
01-14
RUW
This is why you should not mix your emotions and investing. They sold Tesla off due to their hatered towards Elon and his X policies and Trump connections. Does Elon really care? No... now it bounced back 5% and got a fresh $800 price target. What people need to understand is, Elon is the driving force behind Tesla. No Elon, no Tesla, it is that simple. [Happy]
Win8333
01-13
Win8333
Grab shares
manta76
01-13
manta76
Why should shareholders be FORCED to pay his ridiculous remuneration ! Good job to the fund
- Pinkspider:
  Great response ! As Elon said if you don’t believe in Tesla just sell off your shares.
- manta76:
  well he "technically forced" ..... tats why the fund sold off .... just like me
- T90:
  no shareholders can be forced to invest in tesla... they can sell their shares and quit being shareholders like the pension fund.
  The share package was a done deal with shareholders approval then... allowing a judge to strike off a package that the shareholders approved is ridiculous.
jerry777
01-13
jerry777
So stupid.

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The fund also considered costs, return and responsible investment requirements in its decision to sell its investment.The news was first reported by Dutch newspaper Het Financieele Dagblad, which also cited poor working conditions at the company among ABP’s reasons to ditch Tesla. Last month, Musk’s record-setting Tesla pay package was struck down once again by a Delaware judge even after shareholders backed the amounts and Musk asked her to reconsider. The stock options package was initially worth $2.6 billion and spiked to $56 billion by the time the judge canceled it. In June, ABP voted against the pay package, calling it “controversial and exceptionally high.”","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":392265650712728,"gmtCreate":1736811097584,"gmtModify":1736818879368,"author":{"id":"4175587157312792","authorId":"4175587157312792","name":"RUW","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4175587157312792","authorIdStr":"4175587157312792"},"htmlText":"This is why you should not mix your emotions and investing. They sold Tesla off due to their hatered towards Elon and his X policies and Trump connections. Does Elon really care? No... now it bounced back 5% and got a fresh $800 price target. What people need to understand is, Elon is the driving force behind Tesla. No Elon, no Tesla, it is that simple. [Happy]&nbsp;&nbsp;","listText":"This is why you should not mix your emotions and investing. They sold Tesla off due to their hatered towards Elon and his X policies and Trump connections. Does Elon really care? No... now it bounced back 5% and got a fresh $800 price target. What people need to understand is, Elon is the driving force behind Tesla. No Elon, no Tesla, it is that simple. [Happy]&nbsp;&nbsp;","text":"This is why you should not mix your emotions and investing. They sold Tesla off due to their hatered towards Elon and his X policies and Trump connections. Does Elon really care? No... now it bounced back 5% and got a fresh $800 price target. What people need to understand is, Elon is the driving force behind Tesla. No Elon, no Tesla, it is that simple. [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/392265650712728","repostId":2503318543,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":391949814706664,"gmtCreate":1736728468771,"gmtModify":1736728473068,"author":{"id":"4116194624864142","authorId":"4116194624864142","name":"Win8333","avatar":"https://community-static.tradeup.com/news/5ad24be330a750ad5714078337b91645","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4116194624864142","authorIdStr":"4116194624864142"},"htmlText":"Grab shares","listText":"Grab shares","text":"Grab shares","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/391949814706664","repostId":2503318543,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":391963788140976,"gmtCreate":1736726759398,"gmtModify":1736726764128,"author":{"id":"4101186286262950","authorId":"4101186286262950","name":"manta76","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4101186286262950","authorIdStr":"4101186286262950"},"htmlText":"Why should shareholders be FORCED to pay his ridiculous remuneration ! Good job to the fund","listText":"Why should shareholders be FORCED to pay his ridiculous remuneration ! Good job to the fund","text":"Why should shareholders be FORCED to pay his ridiculous remuneration ! Good job to the fund","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/391963788140976","repostId":2503318543,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":391997114536384,"gmtCreate":1736735222617,"gmtModify":1736735227630,"authorId":3563842318594455,"author":{"id":3563842318594455,"idStr":"3563842318594455","authorId":3563842318594455,"name":"Pinkspider","avatar":"https://community-static.tradeup.com/news/2643891549304031c32c05b207f0f2b6","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.19","exceedPercentage":"93.90%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Published at least 3 PICK posts (or 10 IDEA posts) and, within the past 30 days, posted at least 1 PICK post (or 4 IDEA posts) and 1 comment","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.01.24","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":1,"categoryType":2007}]},"repliedAuthorId":0,"objectId":391963788140976,"type":1,"supId":392094052622560,"prevId":0,"content":"Great response ! As Elon said if you don’t believe in Tesla just sell off your shares. ","text":"Great response ! As Elon said if you don’t believe in Tesla just sell off your shares. ","html":"Great response ! As Elon said if you don’t believe in Tesla just sell off your shares. "},{"id":391986327155136,"gmtCreate":1736732588972,"gmtModify":1736732631439,"authorId":4101186286262950,"author":{"id":4101186286262950,"idStr":"4101186286262950","authorId":4101186286262950,"name":"manta76","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":391963788140976,"type":1,"supId":0,"prevId":0,"content":"well he \"technically forced\" ..... tats why the fund sold off&nbsp; .... just like me","text":"well he \"technically forced\" ..... tats why the fund sold off&nbsp; .... just like me","html":"well he \"technically forced\" ..... tats why the fund sold off&nbsp; .... just like me"},{"id":392094052622560,"gmtCreate":1736732226319,"gmtModify":1736732231222,"authorId":3554184728100240,"author":{"id":3554184728100240,"idStr":"3554184728100240","authorId":3554184728100240,"name":"T90","avatar":"https://static.tigerbbs.com/64a844af127318de6f06837e04004a86","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":391963788140976,"type":1,"supId":0,"prevId":0,"content":"no shareholders can be forced to invest in tesla... they can sell their shares and quit being shareholders like the pension fund.<br>\nThe share package was a done deal with shareholders approval then... allowing a judge to strike off a package that the shareholders approved is ridiculous.","text":"no shareholders can be forced to invest in tesla... they can sell their shares and quit being shareholders like the pension fund.<br>\nThe share package was a done deal with shareholders approval then... allowing a judge to strike off a package that the shareholders approved is ridiculous.","html":"no shareholders can be forced to invest in tesla... they can sell their shares and quit being shareholders like the pension fund.<br>\nThe share package was a done deal with shareholders approval then... allowing a judge to strike off a package that the shareholders approved is ridiculous."}],"langContent":"EN"},{"id":392071337480376,"gmtCreate":1736726506262,"gmtModify":1736732553089,"author":{"id":"4126094631385442","authorId":"4126094631385442","name":"jerry777","avatar":"https://community-static.tradeup.com/news/a5d2cf979b38479624e461ede31a9c15","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4126094631385442","authorIdStr":"4126094631385442"},"htmlText":"So stupid.","listText":"So stupid.","text":"So stupid.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/392071337480376","repostId":2503318543,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":10,"commentSize":4,"repostSize":4,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2503318543"}