Finance
Swedish pension fund AP7 blacklists Tesla, has sold entire stake
Published by Global Banking & Finance Review®
Posted on June 13, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 13, 2025
1 min readLast updated: January 23, 2026
Swedish pension fund AP7 has blacklisted Tesla over labor rights issues, selling its $1.36 billion stake after failed dialogues.
STOCKHOLM (Reuters) -Swedish pension fund AP7 said on Friday it has blacklisted and sold all its shares in U.S. electric vehicle maker Tesla, citing violations of union rights in the United States.
"AP7 has decided to blacklist Tesla due to verified violations of labor rights in the United States," the pension fund said in a statement.
"Despite several years of dialogue with Tesla, including shareholder proposals in collaboration with other investors, the company has not taken sufficient measures to address the issues," it added.
An AP7 spokesperson said the fund's stake in Tesla was, when it was sold in late May, worth around 13 billion crowns ($1.36 billion). At the time, the stake represented around 1% of the AP7 Equity Fund, the spokesperson said.
The fund's assets totalled 1,181 billion crowns at the end of May, according to AP7's website.
($1 = 9.5285 Swedish crowns)
(Reporting by Greta Rosen Fondahn, writing by Louise Breusch Rasmussen, editing by Anna Ringstrom)
AP7 blacklisted Tesla due to verified violations of labor rights in the United States.
When AP7 sold its stake in Tesla in late May, it was worth around 13 billion crowns, equivalent to approximately $1.36 billion.
AP7 engaged in several years of dialogue with Tesla, including shareholder proposals, but the company did not take sufficient measures to address the labor rights issues.
As of the end of May, AP7's total assets amounted to 1,181 billion crowns.
At the time of the sale, Tesla's stake represented around 1% of the AP7 Equity Fund.
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