At this meeting, in response to almost a year of growing public pressure, the CalPERS governing board has finally put considering whether to sell the $2 Billion it has invested in Tesla stock on its agenda.

This is the first time that divestment for Tesla has been on the agenda for possible action by CalPERS, and the most important time for us to show up, be seen, and be heard by the CalPERS board.

The CalPERS board has scheduled an hour of its closed session Monday afternoon for discussion of whether to sell or continue to invest in Tesla. The board will hear from the public at the end of its morning session, starting around noon but possibly earlier if the meeting runs ahead of schedule.

At its September 2025 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 report will be presented to the board during the closed session, and has not been made public.

The CalPERS board has all the information it needs to act, and shouldn't delay its decision any longer. Tell CalPERS to sell TSLA, all of it, now!

California's public employee pension funds, CalPERS and CalSTRS, reported more than $4 billion in holdings of Tesla stock combined (roughly $2 billion each) 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.

Anyone can attend, observe, and speak during the public comment period, either in person at the CalPERS campus in downtown Sacramento 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.

Public comment to the CalPERS board is scheduled to start at approximately noon, but could be earlier or later. Try to arrive in person or get into the phone queue by 11:30 a.m., or better by 11 a.m. if possible -- but be prepared to wait iuf the meeting is running behind schedule. If you arrive early, we'll be gathering in the cafeteria and courtyard just outside the entrance to the auditorium where the board meets.

Speakers during the public comment period will get between 1 and 3 minutes each, depending on how many people want to speak. When you arrive, fill out a speaker card (available at the back of the auditorium) to indicate that you want to speak on Item 6e (public comment) of the Investment Committee agenda.

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.

There's paid public parking in the garage under the CalPERS complex ("Lincoln Plaza"). You can sometimes find cheaper or free parking on the surrounding streets. It’s about a 20-minute (0.8 mile) walk to the CalPERS complex in downtown Sacramento from the Sacramento Amtrak station.

See our website for talking points, leaflets, and more information about this campaign.