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.

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Shares in the US electric carmaker dropped after European sales halved in January.

© Reuters. FILE PHOTO: Kraken cryptocurrency exchange logo is seen in this illustration taken July 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo AAPL -0.62% NVDA 0.85% TSLA 2.16% (Reuters) -Crypto exchange Kraken plans to launch tokenized versions of more than 50 stocks and exchange-traded funds, including shares of Apple (NASDAQ:AAPL), Tesla (NASDAQ:TSLA), Nvidia (NASDAQ:NVDA), the Wall Street Journal reported on Thursday. The move will allow non-U.S. customers to trade shares of these and other high-profile companies in the form of tokens, the report said, citing a company statement. Tokenization refers to the process of issuing digital representations of publicly-traded securities. Instead of holding the securities directly, investors hold tokens that represents ownership of the securities. The tokenized versions of the stocks would trade 24 hours a day, 7 days a week on Kraken, the report added. Kraken did not immediately respond to a Reuters request for comment. 0 Latest comments Mr Ponzi Mr Ponzi

The purchase comes after Tesla directors proposed a 10-year pay package that could deliver Musk as much as $1 trillion in stock

The firm cut Tesla's delivery forecast by 20% and said that stock could eventually drop even more to $120 per share.

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