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.
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.)