Swedish insurer Folksam divests its Tesla shareholding

COPENHAGEN (Reuters) -Sweden's largest insurer Folksam said on Wednesday it has sold its stake in electric car maker Tesla over concerns about the company's stance on workers' rights. Folksam said in a statement it had tried to influence Tesla, together with other owners, through proposals submitted to the company's annual general meeting two years in a row. "Unfortunately, no improvement has been seen and a decision has therefore been made to divest the holding," its head of asset management and sustainability Marcus Blomberg said.