ABP and Bpf Bouw, two of the largest four pension funds in the Netherlands with over €600bn in assets between them, have sold their shares in Tesla over ESG concerns
  • Obelix@feddit.orgEnglish
    18·
    9 hours ago

    This makes sense - Tesla is overvaluated in comparison to other car manufacturers. Musk has created a really big image problem. The Cybertruck is a disaster that really makes you wonder if their priorities are right. Chinese car companies are starting to flood the market. The Semi truck is not going anywhere. It’s a really bad spot for a company that is valuated more than all of its biggest competitors to be in.

    • Mrfiddles@feddit.nlEnglish
      4·
      6 hours ago

      Started looking for places to move to in 2017 because we lived in a red state and the writing was on the wall. Settled on the Netherlands and moved in 2019. Getting through covid was a bitch and I’d feel a lot better if the Dutch hadn’t also just elected a right wing nut job, but my mental and physical health are noticeably better. Once you get out you really realize how toxic American culture is. It’s like swimming downstream from a mine your whole life and then suddenly getting air lifted to some Icelandic spring.

    • Vincent@feddit.nlEnglish
      3·
      12 hours ago

      I don’t think we really have the freedom to choose our own pension funds, do we? Possibly if you’re self-employed.

      • DrigoEnglish
        1·
        8 hours ago

        I work for a big company, and moved my pension. And I can invest it, in almost whatever I want. And because the yearly fee for the funds i choose is less than what my company payed before. I get payed the difference, which is nice.

        • Vincent@feddit.nlEnglish
          1·
          8 hours ago

          Cool! So how do you do that? If I go to e.g. the ABP site, I see no way to sign up. (Both ABP and BPF Bouw are sector-specifc too, I suppose, maybe that’s the issue? But looking at a more generic pension provider, they mention either being part of HR, or self-employed…)