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.

At its September meeting, the CalPERS board directed CalPERS staff to prepare a report assessing the valuation and risk of continued investment in Tesla, which will be considered at the CalPERS board meeting November 17-19. But CalSTRS has not yet taken any public action to reconsider its investment in Tesla stock. Ask the CalSTRS board to direct its staff to conduct a similar review of investment in Tesla!

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

We'll be presenting the board with more signatures and personal statements on a petition (please sign if you haven't already!) to divest from Tesla. It's already been signed by more than a thousand CalSTRS and CalPERS members and California taxpayers.

Anyone can attend, observe, and speak, either in person or by watching the webcast (webcast link will be posted the day of the meeting) and phoning in to 866- 236-6010 during the public comment period. Every California taxpayer has a stake in the solvency of CalSTRS.

Public comment to the Investment Committee is the first item after the adoption of the agenda at 9:30 am.

If you can't make it to Sacramento or phone in your comments during the meeting, you can use this simple form to send an email message to each member of the board to tell them to sell Tesla, all of it, now.

It’s about a 20-minute (0.8 mile) walk to CalSTRS from the Sacramento Amtrak station. There’s free parking in the CalSTRS garage for CalSTRS members with validation at the guard desk in the front lobby.