A Dutch pension fund sold its entire stake in Tesla over disapproval of CEO Elon Musk's pay package and working conditions at the company.

Several sources claim that Tesla has already built the first new Model Y at its Gigafactory in Berlin, Germany. According to German media outlet Handelsblatt, the company was scheduled to start producing the new car, also known by its codename "Juniper", on Tuesday.

The EV giant is banding together with major competitors including Ford, Stellantis, and Toyota to help them meet European emissions targets.

Europe's largest pension fund sold out of its stake in electric vehicle company Tesla Inc (NASDAQ:TSLA) during the third quarter, missing out on future gains and all-time highs hit after the 2024 election.

According to German media outlet Handelsblatt ,​​​​​​ production of the Model Y Juniper is set to begin today at its Grünheide plant, a facility that, up until now, has only built Model Ys. According to sources close to the matter, the plant's employees were informed about this new production roadmap on Monday.

Tesla kicks off production of the Juniper Model Y at Gigafactory Berlin, with a European launch expected soon, featuring major updates to the popular EV.

Tesla has been at the top of the electric vehicle segment for a while now, but its influence could be waning as a result of politics and competition.

Speaking to Fortune, pension fund provider ABP said it liquidated its entire holding in Tesla long before Musk began wading into politically sensitive continental issues.

The Tesla rollercoaster continues as after exciting product launches and a stock surge post-election, the EV maker is now seeing slumping sales.

The 2025 Tesla Model Y Juniper refresh will have full-width front and rear light bars, according to spy shots. Its headlights will be moved below the light bar, making it the second Tesla with a two-tier front light design. The updated Model Y will likely first enter production in China and reach Europe before arriving in the United States.

In 2023, BYD posted revenue of approximately $83 billion, while Tesla came in at $96 billion. Both brands are looking to grow sales in Europe. Tesla has the upper hand there, but BYD has announced ...

Tesla was narrowly ahead of BYD as the largest electric car manufacturer in 2024. Automaker GAC, which is still largely unknown in Europe, positioned itself