Email to CalPERS and CalSTRS boards: Divest from Tesla
We're making big progress toward getting the
CalPERS and CalSTRS pension funds to sell their billions of dollars in Tesla stock
-- and we need your continued help to keep up the pressure.
At its September 2025 meeting, the CalPERS governing board directed CalPERS staff to study and report back to the board on the risk of continued investment in Tesla.
This preliminary step by CalPERS is a direct response to our campaign.
They are paying attention!
Whether to sell or continue to invest in Tesla is (finally) on the agenda for action by the CalPERS board at its meeting on Monday, March 16, 2026. This is progress, but it's still not a decision by CalPERS to sell its Tesla stock, and we still need to get CalSTRS to take the same step. If you are ever going to take the time to come to Sacramento or phone in to give public comment during a CalPERS board meeting, this is the time!
As of December 31, 2025, CalPERS still had more than $2 Billion invested in Tesla, and CalSTRS had almost as much.
Please use the form on this page to send a message today to the CalPERS and CalSTRS boards,
calling on them to take action NOW to protect public funds and teachers'
and public employees' pensions.
The CalPERS Board could make a decision on divestment from Tesla as soon as its March 2026 meeting, although a decision could be made in closed session and might not be announced for months.
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 .
A cost-benefit analysis and risk assessment by CalPERS
investment staff is the prerequisite to consideration by the CalPERS
board of whether to cease new purchases of Tesla stock or sell the
current CalPERS Tesla holdings.
Even
if you already signed our petition, please
use the form on this page to send your message
to the
CalPERS and CalSTRS boards:
- Thank CalPERS board member Mulissa Willette and the entire CalPERS board for directing CalPERS staff to study and report back to the board on the risk of continued investment in Tesla.
- Ask the CalPERS board to ACT on that staff report to sell their Tesla stock, all of it, now.
- Ask the CalSTRS board to follow the example set by CalPERS -- if it hasn't done so already -- by directing the CalSTRS investment staff to assess the risk, valuation, and alignment with CalSTRS values of continued investment in Tesla, and to act promptly on that report as soon as it is completed. (It's possible that the CalSTRS board has already requested such a report from the CalSTRS investment staff. But if the CalSTRS board did so, they made that request in closed session and haven't yet announced it.)
See our website for more on how you can join the campaign to get CalSTRS and CalPERS to divest from Tesla.
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