California's public employee pension funds, CalPERS and CalSTRS, reported substantially more than $2 billion in holdings of Tesla stock combined as of their most recent reports.

Tesla’s financial instability, erratic leadership, and political volatility make continued investment increasingly risky.

As stewards of public retirement funds, CalPERS and CalSTRS also carry a moral responsibility to uphold the values of public service and democracy. Investing in a company that undermines labor rights and civil freedoms directly contradicts the mission of the public institutions we serve. Divesting from Tesla is both a financial imperative and a principled stand for the future we’re working so hard to build.

Tell CalPERS to sell TSLA, all of it, now!

Anyone can attend, observe, and speak, either in person or by watching the webcast and phoning in to 800-259-4105 during the public comment period. Every California taxpayer has a stake in the solvency of CalPERS.

The meeting of the CalPERS board Investment Committee begins at 9:15 a.m. The first action item, and the first opportunity for public comment, is the adoption of the agenda, item 3a. (There's another opportunity for general public comment, item 6h of the agenda, at the end of the open session, sometime in the afternoon.)

Whether or not you can attend or phone in during the meeting, please send an email message to the members of the CalPERS and CalSTRS governing boards to ask them to sell TSLA, all of it, now.

At its September meeting, in response to our petition, the CalPERS board directed CalPERS investment staff to prepare a report on the valuation and risk of Tesla stock. That's a good first step toward a decision on divestment.

But neither the CalPERS staff report on Tesla nor consideration of action on continued investment or disinvestment from Tesla appears on the agenda for this Board meeting.

Tell the CalPERS board to put the report on Tesla that they directed their staff to prepare on the agenda of their next meeting for consideration and action!

It’s about a 20-minute (0.8 mile) walk to the CalPERS complex ("Lincoln Plaza") in downtown Sacramento from the Sacramento Amtrak station.