Tesla Stock Drops Over 3% As Europe’s Largest Pension Fund Sells Tesla Stake

Tiger Newspress01-13

Dutch civil service pension fund ABP sold its entire stake in Tesla over dissatisfaction with chief executive Elon Musk’s pay package, Dutch newspaper Het Financieele Dagblad reported Friday.

Tesla shares dropped 3.1% in premarket trading Monday.

According to the report, Europe’s largest pension fund divested its 2.8 million shares in the American electric vehicle maker because it was unhappy with Musk's $56 billion remuneration package and poor working conditions at the company.

ABP emphasized that the decision was not politically motivated, the report added. Musk is set to head the planned Department of Government Efficiency under the incoming administration of U.S. President-elect Donald Trump.

Last month, a Delaware judge rejected Musk’s multi-billion dollar pay package for a second time. Musk’s attorneys had attempted to reverse the original decision after shareholders approved the figure in June 2024.

Judge Kathaleen McCormick declined to restore Musk’s $56 billion compensation. In her decision, McCormick said the approval process lacked transparency, and that the Tesla board was "beholden" to Musk.

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setia100
01-13
setia100
Trump Effect 🤔

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Musk is set to head the planned Department of Government Efficiency under the incoming administration of U.S. President-elect Donald Trump.</p><p style=\"text-align: left;\">Last month, a Delaware judge rejected Musk’s multi-billion dollar pay package for a second time. Musk’s attorneys had attempted to reverse the original decision after shareholders approved the figure in June 2024.</p><p style=\"text-align: left;\">Judge Kathaleen McCormick declined to restore Musk’s $56 billion compensation. In her decision, McCormick said the approval process lacked transparency, and that the Tesla board was &#34;beholden&#34; to Musk.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Stock Drops Over 3% As Europe’s Largest Pension Fund Sells Tesla Stake</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Stock Drops Over 3% As Europe’s Largest Pension Fund Sells Tesla Stake\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2025-01-13 17:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Dutch civil service pension fund ABP sold its entire stake in Tesla over dissatisfaction with chief executive Elon Musk’s pay package, Dutch newspaper Het Financieele Dagblad reported Friday.</p><p>Tesla shares dropped 3.1% in premarket trading Monday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/890591db14870132d236380bb0f53e36\" tg-width=\"876\" tg-height=\"628\"/></p><p style=\"text-align: left;\">According to the report, Europe’s largest pension fund divested its 2.8 million shares in the American electric vehicle maker because it was unhappy with Musk&#39;s $56 billion remuneration package and poor working conditions at the company.</p><p style=\"text-align: left;\">ABP emphasized that the decision was not politically motivated, the report added. Musk is set to head the planned Department of Government Efficiency under the incoming administration of U.S. President-elect Donald Trump.</p><p style=\"text-align: left;\">Last month, a Delaware judge rejected Musk’s multi-billion dollar pay package for a second time. Musk’s attorneys had attempted to reverse the original decision after shareholders approved the figure in June 2024.</p><p style=\"text-align: left;\">Judge Kathaleen McCormick declined to restore Musk’s $56 billion compensation. In her decision, McCormick said the approval process lacked transparency, and that the Tesla board was &#34;beholden&#34; to Musk.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168753778","content_text":"Dutch civil service pension fund ABP sold its entire stake in Tesla over dissatisfaction with chief executive Elon Musk’s pay package, Dutch newspaper Het Financieele Dagblad reported Friday.Tesla shares dropped 3.1% in premarket trading Monday.According to the report, Europe’s largest pension fund divested its 2.8 million shares in the American electric vehicle maker because it was unhappy with Musk's $56 billion remuneration package and poor working conditions at the company.ABP emphasized that the decision was not politically motivated, the report added. Musk is set to head the planned Department of Government Efficiency under the incoming administration of U.S. President-elect Donald Trump.Last month, a Delaware judge rejected Musk’s multi-billion dollar pay package for a second time. Musk’s attorneys had attempted to reverse the original decision after shareholders approved the figure in June 2024.Judge Kathaleen McCormick declined to restore Musk’s $56 billion compensation. 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