"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."
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How does this guy stay the richest man exactly? Does anyone know? Tesla isn't selling yet it's stock was near an all time high? Is valuation just a joke in this post truth era? Can I just say a company that doesn't sell cars anymore is worth a lot? Maybe the 3's are still selling like fire./1
CyberTrucks are doing horrid in sales and the 3's are being returned. Maybe people are still buying aside from politics but I cannot imagine this will continue much longer if the product just stays inferior and no one on the right buys electric cars.
Yeah I saw that but it grew last year a lot and I do not get at all why. No one is buying CyberTrucks and unless the 3's are selling like hot cakes, I don't get it.
I get that he got popular prior that way. But I'm saying since his buyout of Twitter he is more infamous than anything lately. And I don't see how Tesla can get positive speculation when their only new product offered looks like a roving garbage bin.
It’s sad that is reason. They didn’t sell it because he’s is bat shit crazy and wants to turn the world into a right wing cesspool. Don’t get me wrong because that package is effing nuts and no one deserves that much.
Good for them.
Responsible investing is important to the pensioners who depend on their money to be invested in a way that provides an increased return and a sustainable economy.
I don't know if that's my pension fund (ABP in The Netherlands) but they also sold all their stock in Tesla because of the new renumeration package ($50 billion) for Musk.
And there are also many Dutch people who have leased a Tesla and who exchange it for another electrical car when their lease-contract expires. It's not noticeable yet, but it will be. It will spread
If you’re going to copy someone's text it’s customary to credit the writer in addition to slapping quotation marks around it. Or you could just link to the original post instead of pretending you found the story yourself:
Any pension plan or fund that continues to hold Tesla Stock after the sales figures for the last two quarters and ridiculous Q&As Elon has precided over, as senior engineers continue to
"retire to be with family"
Are showing tremendous neglegence towards their investors.
More proof that European NATO organizations and corporations are more intelligent than their US counterparts. The US is now officially the global leader in stupid.
As an investment, Tesla is a dog with fleas. Elon’s milked it fairly dry now…& he doesn’t care because his real river of 💰 is SpaceX; that’s virtually all taxpayers’ money and he’s in bed with the President 🤬
Need more pension funds to do the same. It is hypocritical to accuse Musk of being money centric if you yourself, despite what he’s shown himself to be, stay invested in Tesla for the same reason.
How can Tesla justify Elon Musk's salary for a job he barely does considering he is the incoming president, CEO of 6 companies, running a fake government department, has a foundation, plays Diablo a lot, and spends all day trolling and associating with bigots on social media?
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Tech world likes to call shitty software “vaporware” but this is like vapor money… like Doge I guess in some ways
Democracy at work.
People voting with their feet.
Responsible investing is important to the pensioners who depend on their money to be invested in a way that provides an increased return and a sustainable economy.
Go away
We didn't make money, but some things are more important.
Not MUCH more important, but...yeah.
"retire to be with family"
Are showing tremendous neglegence towards their investors.
They did good selling crap stock.
The guy is a junkie for money. A greedhead, a wealth addict.
We need to come to grips with the act that great wealth warps brains.