Swedish Pension Fund Dumps $1.36 Billion in Tesla Stock Over US Union Rights Violations
AP7, a Swedish pension fund, announced on Friday its complete divestment from Tesla, selling all its shares in the electric vehicle maker. This significant move, representing a substantial portion of AP7’s holdings – on the order of $1.3 to $1.4 billion – is directly attributed to Tesla’s alleged violations of union rights within the United States.
The decision underscores a prioritization of ethical investing, with AP7 explicitly citing these labor rights violations as the primary reason for the sale. This stands in contrast to purely financial motives, indicating a willingness to sacrifice potential future gains for adherence to socially responsible investing principles.… Continue reading
Matt Underwood