Normally the only kind of tesla I'd post about online are the femtotesla generated by human brain activity. But these aren't normal times. 🧵 #TeslaTakedown
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If you're a university or government employee, you may not not be terribly keen on investing in Tesla stock these days. But you might be an investor without knowing it – several universities and states own enormous amounts of TSLA. Usually these are your retirement funds, i.e. your own money! 💰 💰 💰
States and their retirement funds own at least $8.7 BILLION of TSLA. Or well, they did. They've lost nearly $1.5 billion of that since the start of the year!
California state employees @calpers.bsky.social and teachers @wearecta.bsky.social had $3.1 BILLION together.
That's a great list. Thank you. Pressure should be applied to any public entity directly holding this stock. It's a terrible investment because it's hugely overvalued.
#TeslaTakedown
University fund managers often resist divestment calls motivated by societal concerns, citing both a desire to stay out of politics and their fiduciary responsibility. Fair enough. Maybe. I'm not sure. 🤷 (Yet South African apartheid was clearly over the line for most funds, eventually.)
But how about when a specific CEO's actions unleashes politics on *you*? When he attacks not only the ideals and core mission of your institution, but also directly threatens its overall financial health? When those actions even threaten your investment in his company, or your employee's pensions?
I just sent a message to NY State Comptroller Thomas DiNapoli to ask for the NYS Retirement Fund to divest from Tesla. You can email your own message here:
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California state employees @calpers.bsky.social and teachers @wearecta.bsky.social had $3.1 BILLION together.
Is your state on this list?
#TeslaTakedown
Elon Musk’s personal fortune has also taken a huge hit.
https://www.thestreet.com/video/tesla-loses-1-trillion-status-as-shares-tank
https://www.change.org/p/drop-tesla-stock-from-uc-investments
https://www.calstrs.com/teachers-retirement-board
Mtgs in W. Sacto but public can comment by phone: https://www.calstrs.com/board-meetings?year=2025
Cal. teachers & retirees: Tell CalSTRS to sell its $1B money-losing Fascism-funding investment of your retirement $$ in TSLA.
#TeslaTakedown
[email protected]
#TeslaTakeDown