CalSTRS pension board meeting - Divest from Tesla!
Start: Tuesday, July 08, 2025•02:20 PM
End: Tuesday, July 08, 2025•06:00 PM
The CalSTRS board will be meeting all day on July 8th and 9th. There are public comment periods on both afternoons, sometime after 2:20 p.m. on Tuesday, July 8, and sometime after lunch on Wednesday, July 9.
If you can only be there on one day, try to come on Wednesday, July 9th, when we expect a larger crow.
We'll be presenting the board
with a petition (please sign if you haven't already!) to divest from Tesla. It's already been signed by hundreds of CalSTRS members and California taxpayers.
California's public employee pension funds, CalSTRS and CalPERS, 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, CalSTRS and CalPERS 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
CalSTRS to sell TSLA, all of it, now!
Most
CalSTRS board meetings are in Sacramento, so this "offsite" meeting in
San Diego is a rare chance for Southern Californians to be heard in
person. It's less than a mile to the hotel where CalSTRS is meeting from
the Santa Fe Station (downtown San Diego) for the Amtrak and Coaster
trains , if you are coming from North San Diego County, L.A., or other
points north and want to avoid the traffic.
Anyone can attend, observe, and speak during the public comment periods. Every California taxpayer has a stake in the solvency of CalSTRS. Public comments are the last item on the agenda each day, so be prepared for a long, boring wait! We'll have talking point and statements you can read on behalf of CalSTRS members from throughout the state who cant be there in person, if you aren't sure what to say.
If you can't attend in person, you can watch the livestream and phone 1-866-236-6010 with your comments during the public comment period.
California's public employee pension funds, CalSTRS and CalPERS, 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, CalSTRS and CalPERS 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
CalSTRS to sell TSLA, all of it, now!
Anyone can attend, observe, and speak during the public comment periods. Every California taxpayer has a stake in the solvency of CalSTRS. Public comments are the last item on the agenda each day, so be prepared fora long, boring wait! We'll have talking point and statements you can read on behalf of CalPERS members from throughout the state who cant be there in person, if you aren't sure what to say.
(CalSTRS meetings at their headquarters in W. Sacramento are livestreamed and take comments by phone, but not this "offsite" meeting.)
The next CalPERS board meeting is July 14-16 in Monterey. We don’t know on which of those three days CalPERS will take public comments, but as soon as we do, we’ll post it on our Wonderlink.