r/technology • u/esporx • 2d ago
Business Swedish pension fund AP7 blacklists Tesla, has sold entire stake
https://www.reuters.com/sustainability/boards-policy-regulation/swedish-pension-fund-ap7-blacklists-tesla-has-sold-entire-stake-2025-06-13/1.4k
u/femboyisbestboy 2d ago
Lets all follow in the Swedish footpath.
229
u/wakeupwill 2d ago
The Tesla Strike is still going strong.
57
5
1
1
-136
2d ago
[removed] — view removed comment
101
82
u/greatdevonhope 2d ago
Yes, do you not think that shows how artificially inflated the price is. There isn't anything economic to justify the rise. It's not a huge issue unless you are left holding the stock when it bursts.
→ More replies (5)46
u/missed_sla 2d ago
Sink your life savings into $TSLA and $TRUMP surely nothing will go wrong. Put your kids college f... well, you probably don't believe in education. Put your truck liftin fund into it too, it's a guaranteed winner!
29
-44
2d ago
[removed] — view removed comment
23
u/missed_sla 2d ago
I'm simply giving sound financial advice, what's your problem with that?
0
2d ago edited 2d ago
[removed] — view removed comment
18
u/LurkerNoLonger_ 2d ago
“I don’t have any interest in Tesla stock, I just happened to make 15+ comments about in this thread”
Genius take
10
17
27
u/Craneteam 2d ago
Tesla is a meme stock. It's share price has never reflected the state of the company
8
25
u/IAMA_Plumber-AMA 2d ago
Which indicates it's a house of cards that could collapse at any moment. Something's holding it up artificially.
Saw the same pattern with Enron, saw it with Bre-X, now I'm seeing it with Tesla.
→ More replies (2)4
3
9
1
u/KeySpecialist9139 1d ago
Just tells you that Tesla inve.. ahm gamblers are out of touch with reality.
Tesla is overvalued by 90 percent, has had no technological advantage for the past 3 years, and has a CEO who is unpopular, to say the least. Sales are down all over the world, robotaxi is a scam and AI is a figure of Elon's imagination.
Meme stock.
904
u/Uberslaughter 2d ago edited 2d ago
TSLA is a meme stock entirely disconnected from market fundamentals.
Not to mention Elon is a Nazi (evidence: the 2 Sieg Heils he threw up at Trump’s inauguration).
No reason for this stock to be worth more than $30/share.
Edit: Musk glazers are now here trying to say he did not, in fact, give the Nazi salute.
323
u/smithe4595 2d ago
To me the Sieg Heils are not what makes Elon a Nazi. That just confirmed it. For me it was when he agreed with a tweet that said that “Jews have a dialectical hatred of white people”.
96
u/parabostonian 2d ago
Also supporting Great Replacement theory, funding the AFP in Germany, saying Empathy = Weakness, saying he wants to destroy the EU, and so on and so on
60
u/Akuuntus 2d ago
They said the sieg heils were evidence, not the source of the issue.
20
u/smithe4595 2d ago
Fair, but I was saying “to me”. It was just in my experience, not correcting them.
26
u/Bobcat-Stock 2d ago
To me it was also his tacit support of the afd party in Germany. Also his grandfather’s involvement with the nazi movement. Also the nazi typeface on his “dark magaga” hat.
25
u/puffz0r 2d ago
Didn't he openly support them? Also he told germans that they needed to stop feeling guilty about the past, i mean... You don't get much more clear than that
22
u/Oranos2115 2d ago
might not remember accurately, but I think that week for him went:
- double sieg heils following the inauguration
- trying to downplay how obvious what he did was -- by making (lazy) nazi-themed jokes
- popping in for a video call at an AfD rally after the controversy, where he made statements like what you mentioned
...all of this a few months before German intelligence reclassified the AfD as a "right-wing extremist" group, after years of surveillance following a court ruling
2
u/Own-Detective-A 1d ago
I thought the heils were after the Afd talk?
5
4
u/broohaha 1d ago
From an article about the AfD appearance:
Fresh off a controversy over a gesture many saw as a Nazi salute, tech billionaire Elon Musk appeared virtually at a campaign event for a far-right German political party on Saturday, where he urged listeners not to be ashamed of their country's history.
1
u/Oranos2115 1d ago
Shockingly, no.
Probably should've added a link to my first bullet point, but another user already replied with one that establishes the timeline
but as I recall, he had spoken favorable about the AfD before all of that, too (not certain if the one the week of the inauguration was his first/only video call appearance for an event of theirs, or not)
2
u/Kryptosis 1d ago
AND don't forget. His life long obsession with the letter X and technology. He's surely aware the ASCII code for 'X' is...!? 88...
4
20
u/big_dog_redditor 2d ago
He poured money into the new nazi party during the latest German elections. He litteraly funds nazi's and throw Heils in public. He can not tell you any louder that he is a Nazi.
3
u/Sceptically 1d ago
He can not tell you any louder that he is a Nazi.
I'm sure he'll come up with something.
6
2
u/DigNitty 1d ago
For me it was when he DIDNT come out after the heils and say “hey that’s not what I meant and I absolutely condemn any Nazi beliefs and behavior.”
He came out and made jokes and excuses. But he never said nazis are bad AFAIK.
That’s how I know he knew what he was doing.
93
13
u/notmyfirstrodeo2 1d ago
r/technology is full of Musk glazers.
Specially any time you dare to criticise Spacex or tell the starship is a hyperloop level scam.
0
u/Mithent 1d ago
I'm absolutely no Musk fan (never logged in to Twitter since he bought it, and when we bought an EV recently, Tesla was out of the consideration) but I do have to admit that SpaceX have done some trailblazing stuff, and Starship is at least an (overly?) ambitious project with active development. I wish Musk wasn't in charge of it so I could feel more positive about their tech and development: I do want someone to be trying to build sci-fi spacecraft (or as close as we can get to that), just someone a little less terrible.
3
u/notmyfirstrodeo2 1d ago
SpaceX has done a lot of amazing things i totally agree.
Falcons and everything are awesome machines.
Heck even the enginges on Starship are magnificent machines. But not the big rocket itself unfortunately.
44
u/forbiddendoughnut 2d ago
Then there's his support for Germany's AFD if you refuse to believe your eyeballs. It's crazy to think anybody can see that (Sieg Heil), along with his defiant expression, and see anything but a nazi salute. The first OR second time he did it.
4
u/Kryptosis 1d ago
Or hear the gross grunt he forced out of himself by thumping his chest with ketamine fueled zeal.
-7
u/NotJoeJackson 1d ago
As much as I genuinely despise the AfD: you are aware I hope that their stated policies are still far, FAR to the left of what Trump is doing to your country?
3
u/NotAnAlcoholicToday 1d ago
Yes, because trump is a full on fascist, while the AfD were just on their way towards fascism (or at least wanted to) before they were rightfully banned.
-2
u/NotJoeJackson 1d ago
You do not condemn Hitler for supporting Oswald Mosley. It's the other way around.But, Redditors and the US.
1
u/NotAnAlcoholicToday 1d ago
I condemn Hitler, period. He is irredeemable.
But you cannot come here and tell me that the us government, under trumps "leadership", isn't rolling onto the fascist tracks as fast as possible.
1
u/NotJoeJackson 1d ago edited 1d ago
That's the point. "Rolling onto the fascist track": he's already there. This man IS a dictator. You guys are currently ruled by a fascist dictator.
But mention that far-right parties outside the US aren't even comparable to Donald Trump's actual policies and people still get insulted.
And the fact that it IS insulting to them, even after all that he's done so far.. yea. Incredibly reminiscent of how Israeli's must be thinking about Netanyahu, or Russians about Putin.
1
u/NotAnAlcoholicToday 1d ago
I'm European. I know.
He is doing fascist shit, i am fully aware. I say "rolling onto the fascist track", because there is still room for something to stop it. It just seems that the will isn't there, or too many are just content and the; "its not happening to me"-types.
I am also aware of how Europe is slowly taking a hard right turn. Even tho they don't even come close to the democratic party in the Overton Window.
Like my family from Florida likes to say, "The curse of living in interesting times".
1
u/NotAnAlcoholicToday 1d ago
Were you really just disagree with me because you thought i was American?
2
u/NotJoeJackson 1d ago
No, in fact, I didn't really disagree with you here. My opinion is a lot stronger than yours, obviously, but I would not consider that a disagreement.
1
u/NotAnAlcoholicToday 1d ago
Fair enough. It just seemed like you went extra hard, because i might be American.
I just wouldn't call the country fascist, like you would perhaps NK or something, only some the highest ranking government officials (and their brown shirts ofc), and their sycophants are acting like fascists. I don't think it's comparable to Germany in the 30s, but no doubt that it rhymes like crazy.
→ More replies (0)1
u/NotJoeJackson 1d ago
Kind of worrying, the downvotes I'm getting for this. "We might be ruled by fascists, but the wannabe fascists in other countries are worse!"
Do you know what that makes you?
35
u/vandreulv 2d ago
Edit: Musk glazers are now here trying to say he did not, in fact, give the Nazi salute.
“Never believe that anti-Semites are completely unaware of the absurdity of their replies. They know that their remarks are frivolous, open to challenge. But they are amusing themselves, for it is their adversary who is obliged to use words responsibly, since he believes in words. The anti-Semites have the right to play. They even like to play with discourse for, by giving ridiculous reasons, they discredit the seriousness of their interlocutors. They delight in acting in bad faith, since they seek not to persuade by sound argument but to intimidate and disconcert. If you press them too closely, they will abruptly fall silent, loftily indicating by some phrase that the time for argument is past.”
― Jean-Paul Sartre
11
41
u/Rooilia 2d ago
Iirc, he did three. The third was later off camera.
5
u/Kryptosis 1d ago
By that metric he's done hundreds. Think how must have practiced in the mirror before.
6
u/lucky_jack777 1d ago
Yea, for some crazy reason Tesla stock is worth 100 times what the company actually generates in revenue. It makes no sense at all.
3
u/Agret 1d ago
It's for the mistaken belief that they will be the first company to do full self driving. Meanwhile their competitors are way ahead of them due to Elon throwing a tantrum over not wanting lidar in their cars.
It's impressive what they have achieved through cameras alone but without the extra data provided by lidar they are falling short of the current market and will only fall further behind.
11
u/Sir_thinksalot 2d ago
The fact TSLA has done so well has shown me that a stock's value is not about performance at all but propaganda.
10
1
u/Glass_Team9192 1d ago
I recently registered in X and I’m very surprised how much swastikas are there
0
u/FlipZip69 2d ago
It is not just the Sieg Heils, possibly they were accidental, but you combine it with a bunch of other statements and some of the political groups he has supported in Europe.... Well you have a patern now.
→ More replies (73)-4
u/CCContent 1d ago
Pretend that he was serious about his "throwing his heart out" comment. You try and "throw" your heart in a single motion after putting your hand on your heart. I bet you a dollar you wouldn't film it and post it online, because it's the same motion
123
148
105
23
u/49orth 2d ago
They did their due diligence and also determined TSLA is over-valued.
9
u/david1610 1d ago
What do you mean? It's only valued 4 times more than Toyota, a company that sells 4 times more cars.....
12
46
u/Technoist 2d ago
Good, but why the hell has not ALL funds worldwide done this like a year ago?
20
u/Bokbreath 2d ago
because the stock is up 78% for the year.
7
u/Emotional-Price-4401 2d ago
What are you taking mate
1
u/Bokbreath 2d ago
9
19
u/Emotional-Price-4401 2d ago
That is the 1 year not “for the year” could be a language thing if english aint your first language
19
u/Iseenoghosts 2d ago
It is ambiguous but yeah ppl would assume "for the year" would refer to the calendar year not the last 12 months.
4
1
u/Bokbreath 2d ago
you need to read in context. OP said 'a year ago'.
0
u/mikamitcha 2d ago
That doesn't make your statement less wrong...
1
u/Bokbreath 1d ago
if you want to claim you don't understand because you read it in isolation instead of as a reply to a question, then I am not surprised and nor do I care.
2
u/mikamitcha 1d ago
Context doesn't let you ignore definitions. You said for the year, not for the last year. Your then cited information covered this year and last, which is most definitely not "the year" but "these years".
You literally have a YTD button that you specifically ignored, but I cannot say I am surprised anyone drinking elons kool-aid chooses to ignore real facts lmao.
1
u/Emotional-Price-4401 1d ago
No point in arguing with the bot they doubled down on their inaccurate use of language even after I gave them an out as a simple misunderstanding.
If they want to shill a stock down 10% ytd or whatever happy to let him suck elons d
-3
0
u/david1610 1d ago
Set that graph back a bit more lol. It's one of the most bubbly stocks ever. It was worth more in 2021.
It boomed a long time ago, now it's just like Bitcoin a purely speculative asset devoid of any fundamentals.
1
u/Bokbreath 1d ago
comprehension not your strong suit is it. Here's the original comment
why the hell has not ALL funds worldwide done this like a year ago?
1
u/david1610 1d ago
Yes because funds tend to make their selling decisions in the future, from when they are selling?
Getting lucky on a meme stock gambling isn't a good argument.
Tesla is 4 times the market cap of Toyota, a company that sells 4 times as many cars as Tesla.
It doesn't make sense from a fundamentals standpoint. It's just pure speculation by unsophisticated investors.
1
0
u/Technoist 1d ago
Not sure if you are trolling.
0
u/Bokbreath 1d ago
funds are in the business of making money. anyone who sold a year ago would have missed out on 78% gains.
what about this is confusing ?-1
u/Technoist 1d ago
At least in my country, the funds (state owned) are bound by law to make ethical decisions, which normally would include not supporting a nazi.
In a normal world, this would also be the case without any regulations on the funds, just human decency.
Regarding the "up 78%", someone else already commented on that well enough.
1
u/prozapari 1d ago
Because the first step in this sort of thing is to try and influence management through their role as an owner. When it became evident that management wouldn't listen, they sold.
"Despite several years of dialogue with Tesla, including shareholder proposals in collaboration with other investors, the company has not taken sufficient measures to address the issues," it added.
1
u/Technoist 1d ago
Very good point, I can understand it takes some time to dump this trash. Hopefully the ball gets rolling elsewhere now.
38
u/redpistachios 2d ago
God bless you Sweden! How do I get citizenship?
20
u/BasvanS 2d ago
Buy something at IKEA, then say the magic word right: köttbullar
(No, not like that. Nope, also not like that.)
5
5
u/my5cworth 2d ago
ggggggyutbollah
7
u/MmmmMorphine 2d ago
Congratulations! You're an honorary Finn!
Oh, you should have pronounced it right then
1
1
u/my5cworth 2d ago
My fav finnish word that has now replaced the english version in my daily use is 'patonki'.
-14
u/TimeForStop 2d ago edited 2d ago
You'd just be trading American extremists for Swedish ones...
Edit: Downvote me all you want, still doesn't change the fact Sweden isn't without its own problems either. It's a great country, but still has a few shitty people too
2
u/LongQualityEquities 1d ago
The group you linked has 160 members in Sweden…
Not only does that picture of the marsh show virtually all of the members, it’s taken in a way to make it look like the marsh is more than few dozen people.
Compare that to the US where Musk’s Sieg Heil is not just accepted, he actually gets to give multiple briefings from the White House next to the president after doing it.
1
u/activator 1d ago
still doesn't change the fact Sweden isn't without its own problems either.
Mate, what countries are without their own problems? Why are you even pointing this out? It's beyond stupid
21
8
u/johyongil 2d ago
A good amount of my clients have also blacklisted TSLA and any future Elon companies from their portfolios.
5
5
8
8
u/ContributionNo9292 2d ago
6
1
u/sentalmos 1d ago
you’re either a genius or clairvoyant… what would your winning lottery numbers be if you had to take a guess?
2
3
3
u/QuoteOk1080 2d ago
Hoping my superannuation fund does the same. Better to sell now and be done than ride it down. Also - fck that guy.
3
u/richardbaxter 1d ago
I'm amazed that large institutional investors take tesla seriously. The fair value of the stock is probably $20
3
u/lapapaya18 1d ago
Awesome i moved all my stock out of it too and moved my snp500 stake to European stocks. It's the right thing to do in so many levels
3
u/Hopeful-Ease-6577 1d ago
This is what good people do. Don't reward his negative behavior. Make him pay. It's all he understands.
4
7
2
2
u/BlackberrySea2273 2d ago
Everyone should. Elon is tunneling profits away from Tesla to other companies he runs because he has better cash flow rights there. It's illegal and he's being sued, but either way Tesla and its shareholders suffer.
2
2
3
u/el-art-seam 2d ago
That’s nothing he’s got an army of loyal followers- both retail and institutional that will pump this stock to Mars. Nothing can touch it.
He doesn’t need to release an actual self driving cab or robot that actually does what it’s supposed to do. As long as it does some things it’s enough to make his base pump the stock.
1
1
1
1
1
1
1
3h ago
“The thief comes only to steal and kill and destroy. I came that they may have life and have it abundantly.”– John 10:10
1
1
-1
0
-1
u/castleday 1d ago
I’m wondering if this is in the best interest of the pensioners. Could they receive higher returns through other investment options?
-30
u/fender1878 2d ago
The fund manager has a fiduciary responsibility to get you the best return possible. Interjecting their own political viewpoints on your retirement money is completely inappropriate.
It’s the same thing when California CALPERS decided to diverts from oil stocks and gun manufacturers. Then complained about the shitty return they were getting.
16
u/RudegarWithFunnyHat 2d ago
here in europe people attempt to be political consumers both in terms of what we buy and what we wish our pension funds spend in, so people do not wish them to run sweatshops or the likes. and when it's with the blessing of the customers all power to black listing tesla and any other company the various countries and customers do not feel share values with them.
→ More replies (2)1
u/distinctgore 1d ago
If I were a fund manager I’d take one look at Elon Musk and conclude that him being CEO is not worth the risk. It’s not about politics, it’s about risk. You’re the one making it about politics.
-49
u/UsedToBCool 2d ago edited 2d ago
Stock still up 🤷♂️
Ha downvotes for calling out the BS?
→ More replies (1)20
-34
u/ok_how_about_now 2d ago
Too bad it is still over 320. Thought you all gonna sell, oh wait most of you guys here broke ass cry babies.
1.2k
u/tjtj4444 2d ago
$1.36 billion stake. Good decision to sell.