Summary
- Lehigh County’s pension board voted to halt new Tesla stock purchases over Elon Musk.
- Tesla’s revenue and shares have significantly declined, drawing widespread shareholder concerns.
- Global pension funds, including some in the Netherlands and Denmark, are divesting from Tesla.
Musk’s shitty behavior aside, it’s extremely overvalued. I don’t understand what people are thinking.
Fiduciary duty alone should have been enough to stop them buying a long time ago. When the stock price finally comes back to earth, there will be lawsuits galore.