Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Sweden’s largest life insurer, Folksam Group, has fully divested its holdings in Tesla (NASDAQ: TSLA), citing concerns over the electric vehicle maker’s alleged violations of worker rights. The decision follows what Folksam described as unsuccessful efforts to engage Tesla in dialogue over labor practices.
Folksam, a major institutional investor with assets valued at SEK 823 billion ($82.3 billion), stated that Tesla’s failure to uphold collective bargaining rights falls short of its investment criteria. The insurer, alongside other prominent Nordic pension funds and labor unions—such as KLP and PensionDenmark—has been pressing Tesla to recognize union agreements and engage more constructively with employee groups in Sweden and across the Nordic region.
Tensions escalated in late 2023, when Tesla workers in Sweden began striking over the company’s refusal to sign collective bargaining agreements. The conflict has since broadened, drawing regional political and financial attention. Despite pressure from investors, including a formal proposal at Tesla’s 2024 annual general meeting to prioritize labor relations, the Elon Musk-led company resisted such initiatives.
Tesla’s labor dispute comes amid broader challenges for the automaker in 2025. The firm’s shares have plunged roughly 29.2% year-to-date, driven by weakening sales, intensifying competition in China, and consumer backlash in parts of the U.S. and Europe over Musk’s political views.
Folksam’s exit underscores growing investor scrutiny of Tesla’s ESG (Environmental, Social, and Governance) practices, particularly in regions with strong labor protections. While the exact size of Folksam’s stake in Tesla wasn’t disclosed, the move signals increasing risks for companies that fail to meet evolving social responsibility standards.
With mounting financial and reputational pressures, Tesla faces a pivotal test of how it manages labor relations amid a rapidly shifting global landscape.
