Summary
Dutch pension fund Stichting Pensioenfonds ABP sold its $585 million Tesla stake over concerns about Elon Musk’s “controversial and exceptionally high” pay package and unspecified labor conditions.
ABP previously voted against Musk’s performance-based compensation, which has faced shareholder lawsuits and judicial scrutiny.
A Delaware judge recently invalidated the pay package, citing insufficient shareholder approval.
While Tesla’s Model Y remains popular in the Netherlands, European sales fell 15% in 2024.
ABP stated the divestment was not politically motivated despite Musk’s ties to the Trump administration.
You might be right, but as someone who used to short, the odds are stacked against you.
First, inflation is always pushing stocks up. Second, it gives TSLA an opportunity to short squeeze. Third, you’re tying up your money that could instead go into an always-increasing market.
People have been trying to short Tesla for half a decade. Eventually someone will make money, but it’s far from worth it
True, indeed. Although, in terms of whole stock market, the recent ralley has run out of steam. I think it might be a good short opportunity once this downtrend gets confirmation. Dunno about tesla specifically, though.
The stock market won’t crash since money will just be printed to keep it up. Even if the purchasing power of your stock worth goes down, there’s no better place to keep your cash
I mean, it will still get correction at some point. Doubt FED wants to keep printing money, either.
At this point what will happen id anybody guess. The incoming president is unlikely to listen to the experts long enough to knowingly do the opposite of what they say, much less follow their recommendations.
Sure but Teslas stock is not tied to the value of the company at all.