California's statewide public pension funds hold billions of dollars in Tesla stock. We are beneficiaries of CalSTRS and CalPERS as well as California taxpayers who are organizing to divest our public pension funds from Tesla. Our public pensions should not be funding Musk's assault on our jobs, our state and our democracy.

At its September 2025 meeting, the CalPERS board directed CalPERS staff to study and report back to the board on the risk of continued investment in Tesla! This is progress, but it's not a final decision by CalPERS, and we still need to get CalSTRS to take the same step.

We couldn't put the case for divestment from Tesla better than CalPERS board and Investment Committee member Mulissa Willette (PDF of transcript). You can watch Ms. Willette's request for a study of Tesla here, and the announcement of the directive to CalPERS staff by board Investment Committee chair David Miller here. Tesla stock is overvalued, overly risky, inconsistent with CalPERS and CalSTRS values, and an inappropriate investment for California's public pension funds.

For more information and resources about our campaign, visit: https://wonderl.ink/@divest-tesla