I fondi pensione olandesi disinvestono da Tesla

Dutch civil service scheme ABP and construction sector fund Bpf Bouw have both sold their shares in Tesla. One of the reasons for the sale was the $56bn bonus that was awarded to chief executive officer Elon Musk last year. ABP and Bpf Bouw both voted against Musk’s remuneration package last June. The construction sector fund declined to comment further on the sale, neither did it disclose the amount it had invested in the car maker. Harmen van Wijnen, the president of €533bn ABP, wrote a blog post on ABP’s website last Friday, explaining the decision to part ways with its holding in Tesla, which was worth approximately $650m (€633m) at the moment of the sale, according to calculations from financial daily Het Financieele Dagblad.

>Harmen van Wijnen, the president of €533bn ABP, wrote a blog post on ABP’s website last Friday, explaining the decision to part ways with its holding in Tesla, which was worth approximately $650m (€633m) at the moment of the sale, according to calculations from financial daily Het Financieele Dagblad.

For comparison. Vanguard Group is the biggest holder of Tesla stocks, which is valued at 100 billion USD and gives them a roughly 7.5% ownership stake. The smallest of the top institutional investors, FMR LLC, owns shares worth 10 billion USD and a 0.77% ownership stake.
https://finance.yahoo.com/quote/TSLA/holders/

ABP’s divestment is a drop in the bucket compare to these other big players. I’m not disagreeing with them, I believe they should do things based on principles if that’s what is best for their pensioners but it’ll hardly dent Tesla.

Given tesla is like one of 5 companies holding up the stock market right now, i would be pretty pissed if that was my pension

More – we need more to join.

Looks like they sold before the run-up. They would be better served investing in a low cost index fund and firing all the money managers.

Hope it ruins Tesla in Europe forever!