ESG & Investing
Tesla Dumped by Danish Pension Over Labor Rights, Musk’s Actions
Tesla’s shares have plunged about 50% since a high reached after the US election in November.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Danish pension fund AkademikerPension is blacklisting Tesla Inc., citing the company’s record on workers’ rights, as well as the growing risks posed by the actions of Elon Musk.
“Patience has a way of running out at some point,” AkademikerPension Chief Executive Officer Jens Munch Holst said on Friday. “We’ve now reached that point when it comes to Tesla.”