Sweden Dumps $1.4 Billion of Tesla Stock, Citing Abuse of Workers

Tesla is the only American car maker to deny people their right to organize, even for reasons of health and safety.

Swedish pension fund AP7 said on Friday it has blocklisted and sold all its shares in U.S. electric vehicle maker Tesla, citing violations of union rights in the United States. […] 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).

AP7 admits they knew about Tesla labor violations for a very long time, but were slow to act on them, as they admit with a “we had dialogue” narrative.

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.

Sweden’s financial management team is basically saying they pulled a 1938 Munich Agreement, and should we believe that they expected it would work this time?

Let’s go back for a minute to 2017 headlines when Sweden would have been reading that the Tesla CEO only agrees to address serious complaints about worker safety if his workers did not organize their complaints.

In a June 2017 meeting with Tesla employees, CEO Elon Musk solicited their complaints about safety issues and promised to address their concerns, so long as they refrained from trying to organize a union, the National Labor Relations Board alleges.

That’s like Britain hearing in 1938 that Hitler will only address complaints about invading his neighbors if those neighbors refrain from organizing to defend against blatant law violations.

Tesla blatantly violated [labor] laws—and on Friday, [September 2019] Amita Baman Tracy, an administrative law judge in California, agreed.

You may be thinking what does 1938 have to do with Swedish leaders in 2019 shrugging at Tesla crimes. In fact, the comparison is more relevant than you might imagine. Hitler’s violence against organized opposition in 1938 didn’t deny Henry Ford’s suppression of American labor was an inspiration.

Hitler mentioned only one American in his biography, Henry Ford, and kept a photo of him in his Nazi HQ.

That Ford/Hitler alignment meant that American labor was under direct and coordinated attack by militant fascism. Take Ford’s big 1937 Battle of the Overpass, for example.

The “Battle of the Overpass” is one of the most famous events in the history of the American labor movement. The national attention garnered by the photographs and the subsequent hearings provided damning evidence of the methods utilized by Ford and other companies to fight unionism.

I’m sure if you are an American you’ve never heard of this “most famous event” in American history. Amiright? Not a single American gets taught this history, because it inconveniently lays bare Henry Ford and Hitler conspiring in a way that America should have been at war against both.

If you are from Sweden, the chances you know anything about American fascist history… forgettaboutit.

[Ford] security men began to tear notebooks from reporters’ hands. Others went after the photographers, confiscating film and smashing cameras to the ground. They chased one fleeing photographer for five miles, until he ducked into a police station for safety. […] Ford workers testified that if their superiors suspected them of showing interest in the UAW, Ford Service Department men would pull them from the assembly lines and escort them to the gate as they were fired on the spot, often without explanation.

And yet, the 1937 Ford/Hitler news should sound very familiar to anyone reading the 2017 Tesla news of journalists threatened and workers fired for showing interest in a union.

Tesla’s “total recordable incidence rate” was 8.8 percent (8.8 injuries per 100 workers) in 2015, the last full-year that data is available for. That’s 31 percent more than the 6.7 percent total recordable incidence rate for the automobile industry as a whole…

Tesla very clearly and intentionally returned to 1930s Ford/Hitler management theory with predictable results, killing workers when they aren’t being injured and abused.

American autoworkers and their children in 1941 protest Ford’s relationship with Hitler. Source: Wayne State

By 2019 headlines had made this all abundantly clear as a court ruled without question that Tesla broke labor laws, like Ford in 1937, not to mention the hate crimes while building the “Swasticar“.


It sure took a while for the Swedes to dialogue their way to a divestment from American fascism. It almost seems like they flipped, suddenly remembering which side won both WWI and WWII. Should we be surprised Sweden went for Tesla in the first place, when Swedes seemed to be flirting with their flavor of Nazism during the exact time Tesla increasingly was exposed for Nazism?

The recent electoral success of a party with Nazi origins must be understood as part of the long history of white Swedes’ desire for racial homogeneity.

So, the real question here, given Tesla has been a toxic Nazi dumpster fire since Elon Musk abruptly seized control from its founders, is what Swedes should do now after admitting they never should have touched such an inhumane company to start with.

…as reported by Reuters, Sweden takes the prize for most dramatic plunge: sales dropped 80.7 percent…

Not buying cars, not buying stock, neither seems to go far enough. Perhaps their AP7 should donate all profits made from holding Swasticar stock to the anti-racist and anti-fascist organizations that serve public interests like protecting against armies of killer robots?

Swasticars: Remote-controlled explosive devices stockpiled by Musk for deployment into major cities around the world.

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