A radical of activists criticizing Elon Musk and Tesla's policies clasp a protestation extracurricular a Tesla dealership successful London's Park Royal district, connected April 12, 2025 successful United Kingdom.
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Swedish pension money AP7 said connected Friday it has blacklisted and sold each its shares successful U.S. electrical conveyance maker Tesla, citing violations of national rights successful the United States.
"AP7 has decided to blacklist Tesla due to verified violations of labour rights successful the United States," the pension money said successful a statement.
"Despite respective years of dialog with Tesla, including shareholder proposals successful collaboration with different investors, the institution has not taken capable measures to code the issues," it added.
An AP7 spokesperson said the fund's involvement in Tesla was, erstwhile it was sold successful precocious May, worthy astir 13 cardinal crowns ($1.36 billion). At the time, the involvement represented astir 1% of the AP7 Equity Fund, the spokesperson said.
The fund's assets totaled 1,181 cardinal crowns astatine the extremity of May, according to AP7's website.
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