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.
it’s not even prosperity gospel- that isn’t about being good. Just that god will make you rich if you make Joel Osteen and his ilk rich.
Funny how that doesn’t work. (and yes… it’s fucking evil.)
The way Osteen and the other demons justify their wealth is that God appointed it to them.