actionnetwork.org
CalSTRS pension board meeting - Divest from Tesla!
California's public employee pension funds, CalPERS and CalSTRS, reported substantially more than $2 billion in holdings of Tesla stock combined as of their most recent reports. Tesla’s financial instability, erratic leadership, and political volatility make continued investment increasingly risky. As stewards of public retirement funds, CalPERS and CalSTRS also carry a moral responsibility to uphold the values of public service and democracy. Investing in a company that undermines labor rights and civil freedoms directly contradicts the mission of the public institutions we serve. Divesting from Tesla is both a financial imperative and a principled stand for the future we’re working so hard to build. Tell CalSTRS to sell TSLA, all of it, now! The CalSTRS board will be meeting all day on July 8th and 9th. There are public comment periods on both afternoons, sometime after 2:20 p.m. on Tuesday, July 8, and sometime after lunch on Wednesday, July 9 If you can only be there on one day, try to be there on Wednesday, when we expect a larger crowd. We'll be presenting the board with a petition (please sign if you haven't already!) to divest from Tesla. It's already been signed by hundreds of CalSTRS members and California taxpayers. Anyone can attend, observe, and speak during the public comment periods. Every California taxpayer has a stake in the solvency of CalPERS. Public comments are the last item on the agenda each day, so be prepared fora long, boring wait! We'll have talking point and statements you can read on behalf of CalSTRS members from throughout the state who cant be there in person, if you aren't sure what to say. If you can't attend in person, you can watch the livestream and phone 1-866-236-6010 with your comments during the public comment period.
