Governor Murphy, Divest the NJ State Pension Fund from Tesla!
Governor Phil Murphy
Actions matter at this moment. Governor Murphy must divest the NJ State Pension Fund from its entire holding of Tesla stock. The New Jersey Common Pension Fund D held approximately 1,055,133 shares of Tesla Inc. (TSLA), valued at around $426 million as of January 2025. This position represented about 1.72% of the fund’s total portfolio and the pension fund continues to maintain a significant investment in Tesla.
As Elon Musk works to cut billions of dollars of Medicaid, Social Security, and school funding from New Jersey and our residents, the state must fully divest from Tesla. The hard earned money of New Jersey's teachers, firefighters, law enforcement, and municipal employees should not be used to enrich a billionaire who is gutting needed programs and attacking our neighbors.
See the latest report on the Pension Fund's holdings here: https://www.nj.gov/treasury/doinvest/pdf/AnnualReport/AnnualReportforFiscalYear2024.pdf
Petition by
To:
Governor Phil Murphy
From:
[Your Name]
We, the undersigned, call on you to take immediate action to divest the New Jersey State Pension Fund from Tesla, Inc.
As of January 2025, the New Jersey Common Pension Fund D held approximately 1,055,133 shares of Tesla stock — valued at around $426 million — representing about 1.72% of the fund’s total portfolio. Despite the growing concern over Elon Musk’s attacks on New Jersey, our neighbors, and our values, our pension fund continues to maintain a substantial investment in his companies.
At a time when Elon Musk is actively slashing billions of dollars in Medicaid, Social Security, and public education funding — programs that New Jersey residents rely on — our state cannot continue to support his companies and his $330 billion net worth. Actions matter. New Jersey must take a clear stance in defense of its working families, retirees, students, and the most vulnerable among us.
Maintaining a financial stake in Tesla undermines the very values which the people of New Jersey hold dear. It is unconscionable for public dollars — especially the hard-earned retirement funds of New Jersey teachers, law enforcement, firefighters, and municipal employees — to support a man who is actively stripping away critical programs and protections for our residents.
We urge you to immediately direct the New Jersey Division of Investment to fully divest from Tesla stock and reaffirm New Jersey’s commitment to economic and social justice.
The time to act is now.