The total value of the shares owned by the fund was 571 million euros. The company has previously analyzed the costs, profitability and conditions for responsible investment. The Dutch newspaper Het Financieele Dagblad pointed to the low standards of working conditions for employees as one of the reasons why the fund decided to get rid of Tesla shares.
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In early December, the court of the US state of Delaware repeatedly canceled the unprecedented amount of compensation in the amount of 56 billion dollars assigned to Musk, despite the approval of the owners of Tesla shares and the billionaire's request to change this decision. ABP opposed such large bonuses to a businessman, assessing them as unreasonably high.
In 2018, Elon Musk entered into an agreement with Tesla, according to which he was entitled to 1% of the shares for the growth of the company's value by $ 50 billion, starting from reaching the threshold of $ 100 billion. In early January 2024, a Delaware court stopped the transfer of a $55.8 billion bonus to Musk. At the time, the court considered the amount to be "incredible."
