<h2>Introduction</h2>
Swedish insurance company Folksam has divested its $160 million stake in Tesla, amidst ongoing labor disputes in Sweden.

<h2>Context</h2>
Since the beginning of 2023, Tesla has been embroiled in a labor dispute with Swedish unions over a wage agreement, leading to significant tensions.

<h2>Developments</h2>
<h3>Labor Dispute</h3>
The situation escalated when IF Metall, a Swedish trade union, launched a strike, resulting in approximately **130** mechanics walking off the job. 

<h3>Folksam's Decision</h3>
Folksam described Tesla's stance on unions as "problematic" in light of its investment criteria. After several attempts to influence Tesla's policies failed, Folksam decided to divest due to declining sales figures for the company.

<h2>Conclusion</h2>
Folksam's exit from its investment highlights the growing friction between corporate practices and labor relations in the context of evolving market dynamics.