Danish Investors Dump Tesla Shares After Elon Musk Calls Strikes In Sweden 'Insane'

Danish pension fund PensionDanmark is dumping all of its Tesla stock and putting the U.S. EV maker on its exclusion list of the companies it chooses to invest in – or not. The fund is selling all of its Tesla shares due to Elon Musk’s refusal to enter into labor agreements with unions in Norway, Denmark and Sweden, according to Reuters.

Tesla is facing mounting pressure to enter into collective bargaining agreements overseas, as unions band together to boycott working on Elon Musk’s products. Workers are seeking better wages and benefits, but the company refuses to negotiate collectively with employees. Now, Tesla is facing backlash in other ways as one of the biggest pension funds in Denmark refuses to be an investor. Per Business Insider:

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And soon after that, some dockworkers and dealerships said they would also refuse to handle Tesla products, prompting Elon Musk to call the multiple strikes against his EV company “insane” via Twitter (also known as X):