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.
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I realize the images the world saw of Elon Musk, such as this one, featuring him doing the Nazi Sieg Heil salute might not be on the top of some shareholders’ minds, but I think we need constant reminders of what the leader of Tesla represents.
Good on Lehigh County for taking this measure. More, please.
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.
Now sell the stock you already hold
Monday wood for this bit o news
