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Benzinga
218 days

Tesla Stock Sold By Europe's Largest Pension Fund In Q3: 'We Had A Problem' With Musk Pay

1. Europe's largest pension fund sold its entire TSLA stake worth $585 million. 2. The fund disagreed with Musk's $56 billion pay package and poor working conditions. 3. Tesla's stock soared post-2024 elections, hitting all-time highs after the sale. 4. The pension fund missed significant future gains due to poor timing on the sale. 5. Tesla's future CEO pay package remains uncertain, impacting stock stability.

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FAQ

Why Bearish?

The sale by a major investor indicates potential loss of confidence in TSLA.

How important is it?

The article discusses significant shareholder actions that could influence TSLA's market perception.

Why Short Term?

Immediate negative sentiment could influence trading behavior among investors.

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