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Swedish Pension Fund AP7 Has Blacklisted and Sold All Its Tesla Shares, Citing Violations of Union Rights in the United States.

Summary by TESLARATI

Tesla shares have been blacklisted by the Swedish pension fund AP7, who said earlier today that it has “verified violations of labor rights in the United States” by the automaker. The fund ended up selling its entire stake, which was worth around $1.36 billion when it liquidated its holdings in late May. Reuters first reported on AP7’s move. Other pension and retirement funds have relinquished some of their Tesla holdings due to CEO Elon Musk’s …

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CNBC

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Swedish pension fund AP7 blacklists Tesla, has sold entire stake

"AP7 has decided to blacklist Tesla due to verified violations of labor rights in the United States," the pension fund said in a statement.

1 day ago·United States

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Reuters

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Swedish pension fund AP7 has blacklisted and sold all its Tesla shares, citing violations of union rights in the United States.

2 days ago·United Kingdom

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Jyllands-Posten

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Large Swedish Pension Fund Blacklists Tesla

The Swedish state pension fund AP7 has blacklisted Tesla and sold all its shares in the electric car company, according to news agency TT. The reason is that AP7 believes Tesla violates workers' rights...

2 days ago·Aarhus, Denmark

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