The news was first reported by Dutch newspaper Het Financieele Dagblad, which also cited poor working conditions at the company among ABP’s reasons to ditch Tesla.
Last month, Musk’s record-setting Tesla pay package was struck down once again by a Delaware judge even after shareholders backed the amounts and Musk asked her to reconsider. The stock options package was initially worth US$2.6 billion ($3.56 billion) and spiked to US$56 billion by the time the judge cancelled it.
In June, ABP voted against the pay package, calling it “controversial and exceptionally high”.