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.
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.