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 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.

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.

A decision by the CalPERS Board on divestment from Tesla could come as soon as the next CalPERS board meeting November 17-19, 2025, although any decision will probably be made in closed session and may not be announced for months. The CalSTRS board could also consider this issue at its next meeting on November 12-13, 2025.

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. This action is a direct response to our campaign.

Even if you already signed our petition, please use the form on this page to send your message to the CalPERS and CalSTRS boards:

1. 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.
2. Ask the CalPERS board to act on that staff report at their next meeting November 17-19 to sell their Tesla stock, all of it, with all deliberate speed.
3. 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.