Summary
Dutch pension fund Stichting Pensioenfonds ABP sold its $585 million Tesla stake over concerns about Elon Musk’s “controversial and exceptionally high” pay package and unspecified labor conditions.
ABP previously voted against Musk’s performance-based compensation, which has faced shareholder lawsuits and judicial scrutiny.
A Delaware judge recently invalidated the pay package, citing insufficient shareholder approval.
While Tesla’s Model Y remains popular in the Netherlands, European sales fell 15% in 2024.
ABP stated the divestment was not politically motivated despite Musk’s ties to the Trump administration.
Because it’s massively over-valued, the board is a bunch of Musky Bro-hoes (also sometimes family…) signing off whatever the fuck Musk says; while it’s being led by a Ketamine-addled Nazis with the emotional development of a child.
Why anyone still holds Tesla, is beyond me.
Some people truly believe in Musk and the brand. Those people are dipshits, but if you excluded dipshits from your market predictions, you would always be wrong.
But pension funds have a responsibility to go long, and while Tesla may rise or fall on Musk’s digital bowel movements, volatility is the problem.
There are people like my younger brother who believe that Musk is a pure genius, likes Bezos a lot, and is entirely sold on the idea that billionaire philanthropy is somehow a good and positive thing for regular people.
christians in particular like to imagine that god blesses those who are “good” with wealth, and that therefore wealthy people must be “good” because otherwise they wouldn’t be wealthy.
This then gets absorbed into more secular thought with “well they’re successful so they must be skilled”.
Truth is, his daughter-grooming daddy owned an emerald mine in Apartheid South Africa and got his seed-money from that. So he’s neither “good” nor particularly “skilled.”
That’s funny, because prosperity gospel is just there to indiscriminately wrench away money from the most desperately impoverished people imaginable. To think, it’s doing double work by lionizing oligarchs. It’s the purest form of evil, if you ask me.
it’s not even prosperity gospel- that isn’t about being good. Just that god will make you rich if you make Joel Osteen and his ilk rich.
Funny how that doesn’t work. (and yes… it’s fucking evil.)
The way Osteen and the other demons justify their wealth is that God appointed it to them.
I don’t understand why people mention the ketamine. If he truly did a lot of ketamine he’d be far nicer. It gives a dreamy feeling where your opinions on matters are much more down to earth. You don’t overthink and live more in the moment. If anything, Muskyboi should do a lot more ketamine.
That is complete nonsense, ket can make you a enraged, confused dumbass after chronic use, I’ve seen it happen.
Enraged? Lmao. That seems to be the only nonsense that’s been posted here. I’m not even going to entertain that misinformation. Whatever person you saw become a dumbass was already destined to be a dumbass, and the ketamine did not help.
Confused I’ll confirm, although mostly from an outside perspective. Ketamine is considered a dissociative because there’s no loss of awareness. It dissociates awareness from body, creating new perspectives. How one reacts to that is up to the person themselves, it doesn’t alter that. From what I’ve seen it’s either no change or personal growth.
I’m saying this because mentioning ketamine is just anti-drug mentality and has nothing to do with how he is as a person. I don’t like the new Muskyboi, but mentioning something most people here know absolutely nothing about is just bad taste.
Drugs don’t change people. Plenty of murderers smoke weed, and no sane person arguing in good faith would say weed makes you violent.
I know hundreds of ketamine users. I have been in legal drug education and have a lot of personal experience too.
Drugs do not change behavior, but perspective does. Psychedelics and dissociatives alter perspective, and it’s a fact that people alter their behavior depending on their perspective.
Muskyboi has a huge ego, most likely because of some grandeur perspective. But that’s the opposite of the perspective one has on ketamine.
Yes psychedelics change perspective but you can still be a cunt. It’s not a silver bullet unfortunately otherwise we’d have been in utopia after the 1960s.
So do you just not believe all of the various people who have watched or done Ketamine with him?
His own friends say that he microdoses Ketamine daily and macrodoses at parties.
I’m saying mentioning ketamine is useless and its impact on Musk is meaningless. The amounts he’s taking are either too small to be mentioned, or not high enough to drop that stupid nazi perspective.
I think ketamine is an absolutely amazing substance with a lot of positive psychological effects, but mentioning it when talking about Muskyboi and Nazis is useless. It doesn’t change the man. He just likes to do it, who cares?
Oh. I get you know, and I agree. He would be the same racist prick with or without substances.
A Delaware judge recently invalidated the pay package, citing insufficient shareholder approval.
I don’t know if this is the article (its pay walled), or AI since it’s a summary, or maybe OP, but this is a terrible reporting of what happened.
The pay package was supposed to be independently created by the board, but it was found out that Elon had a heavy hand in proposing it, including the people helping him craft it. Now, I don’t think this is bad per say, but then the board was supposed to independently vet it, but the board wasn’t really deemed independent, and who they used had ties to Musk. Further, it wasn’t properly disclosed what involvement Musk had in crafting the package in the first place.
The failure to properly disclose all of this made the shareholder vote void. Had they disclosed it, and had it been approved, it would have been okay.
It had nothing to do with not having insufficient shareholder approval.
The only reason to hold Tesla right now is political. Do you believe Musk can continue sucking Trump’s dick to profits? It’s plausible…
Their cars are trash in the global market. China is owning everyone in the EV market. Domestically, they’re not a bad buy used, but for their sticker price there’s much more compelling options out there. The cybertruck is one of the worst products in automotive history. It’ll be mentioned with the Pinto as far as engineering failures go.
It’s not necessarily political, wall street can be very clueless about technology. They all seem to believe they can judge the potential of just about any company, no matter how complex the industry, by merely watching a video of the CEO speaking and judging how smart they sound. Perceived potential can also be self-reinforcing because the more prominent a business figure gets, the more wall street reporters and influencers want to be associated with them - so they’re careful to only praise them and not piss them off. So they can easily be duped by an Elizabeth Holmes/Adam Neumann type who has a strong voice and even stronger connections and promises the moon for a small investment.
Musk’s key innovation was taking that a step further and promising them Mars.
Their cars are trash in the global market.
Not true
Divested
I sold all my shares 3-4 years ago.
There are just better ways to invest that money.
I am, in my complete nativity, hoping Tesla would fire Musk and just become a normal car manufacturer. But suppose this is a far cry. But one can hope
Board of directors is not going to tank their Tesla stock by removing him. There is a reason Musk appointed people who are indebted to him.
Go on Europe!
https://www.marketbeat.com/stocks/NASDAQ/TSLA/short-interest/
Short positions are increasing.
At the end of the day Tesla is a bubble that will pop at some point, Musk’s latest antics are only going to accelerate that.
A pension fund typically avoids risky investments, so this plus the shorting increase is a pretty strong signal that investors think the pop is imminent.
You might be right, but as someone who used to short, the odds are stacked against you.
First, inflation is always pushing stocks up. Second, it gives TSLA an opportunity to short squeeze. Third, you’re tying up your money that could instead go into an always-increasing market.
People have been trying to short Tesla for half a decade. Eventually someone will make money, but it’s far from worth it
True, indeed. Although, in terms of whole stock market, the recent ralley has run out of steam. I think it might be a good short opportunity once this downtrend gets confirmation. Dunno about tesla specifically, though.
The stock market won’t crash since money will just be printed to keep it up. Even if the purchasing power of your stock worth goes down, there’s no better place to keep your cash
I mean, it will still get correction at some point. Doubt FED wants to keep printing money, either.
At this point what will happen id anybody guess. The incoming president is unlikely to listen to the experts long enough to knowingly do the opposite of what they say, much less follow their recommendations.
It’s just time to cash. Remember when he bought twitter and the Tesla stock crashed. Yeah they are afraid it will happen again because he’s too busy fucking up the US government.
The opposite of this is exactly what Meta and big tech companies depend on: as long as we are raking in money, the process doesn’t matter.
The Dutch see the writing on the wall. Scroll down…the topic went from Tesla, Musk Digital Bowel Movement to Ketamine…
So someone bought it…
Of course someone bought it… it wouldn’t be worth anything if there weren’t any buyers.
Likely sock-puppets for oligarchs trying to prop up the stock value under the weight of sell-offs.
Yeah people from the Elon cult.
