Tesla (TSLA) Shares Dip as Major European Pension Fund Sells Off Stake

1 day ago

Tesla (TSLA, Financial) shares declined by 3.07%, trading at $382.61. The decrease followed news that ABP, Europe's largest pension fund, divested its entire €571 million ($585 million) stake in Tesla during the third quarter. One key factor in ABP's decision was its disagreement with CEO Elon Musk's compensation plan, which the fund described as problematic. The sale was also influenced by considerations of cost, return, and responsible investment criteria.

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