Seventh AP Fund Divests from Tesla Over Union Rights Concerns

The state-owned pension fund company, Seventh AP Fund, blacklists electric car giant Tesla from its investor list and has sold its entire holding in the stock. Earlier, their ownership corresponded to around 13 billion kronor.

» Published: June 13 2025

Seventh AP Fund Divests from Tesla Over Union Rights Concerns
Photo: Johan Nilsson/TT

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We have after several years of trying to influence them felt that it has come to an end. It's about the violations of trade union rights in the USA, says Mikael Lindh Hök, communications manager at AP7.

Tesla also has a long-standing conflict with Swedish trade unions in the form of a strike that has lasted over 1.5 years.

At the turn of the year, the Seventh AP Fund owned shares in Tesla worth 18.6 billion kronor, according to the fund's website. In total, the fund manages 1,114 billion kronor.

We can think of investing again if we see that they show strong measures to handle violations of trade union rights, says Mikael Lindh Hök, communications manager at AP7.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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