Dutch pension funds divest from Tesla
Dutch pension funds divest from Tesla
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
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.
Massively overvalued
We need a second copy of this chart but the size is instead based on actual cars produced (and maybe a third one that only counts EV production.)
Wouah thank for that, I never realised how fucked up it was before seeing it like that oO.
Well there's a pension funds i'll have to look into :) may even move!
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.
Yeah, we laugh about the orange baboon up there, but we have our own chimpansee down here :( we're in no way better then the Americans in that regard.
I dont read the papers anymore, i dont watch the news anymore.
Humanity is sick and rotting, and i dont think we'll ever rise above that. Humanity will ruin itself and the planet.
But yeah... Other then that i'm very peachy and positive :)
I don't think we really have the freedom to choose our own pension funds, do we? Possibly if you're self-employed.
Lil win. I'm mediumly proud of the abp.