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Fortune

Christiaan Hetzner

Elon Musk’s divisive politics not at fault for Tesla losing support of major European investor

Elon Musk Tesla Inc. ABP United States Europe Fortune Donald Trump Microsoft SEC

Tesla CEO Elon Musk, Co-Chair of the newly announced Department of Government Efficiency (DOGE), arrives on Capitol Hill on December 05, 2024 in Washington, DC (Credit: Anna Moneymaker—Getty Images)

Pension fund provider ABP told Fortune that politics were not to blame for its decision to liquidate its entire Tesla holding. The divestment already happened months before the Tesla CEO intervened in European affairs, endorsing Germany's far-right party and calling for King Charles to dissolve the UK parliament.

Tesla CEO Elon Musk can no longer count on the backing of one of Europe’s biggest wealth managers, though it’s not because of his firebrand politics.

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