American Federation of Teachers Urges Fiduciaries to Examine Tesla Investments ‘at Risk’ in Pensions

Tesla dealership in Washington, D.C. Photo: Diego M. Radzinschi/ALM

Last Tuesday, American Federation of Teachers (AFT) President Randi Weingarten told money managers to safeguard their retirement assets and “urgently review their current holdings” in struggling electric-car maker Tesla, in a letter to more than 75 state and city chief fiduciary officers who oversee most major U.S. public pension funds.

Given the steep plunge in Tesla shares this year due to extreme pushback against Tesla CEO Elon Musk’s role as “special government employee” in the Trump administration’s DOGE unit—and the destruction of Tesla vehicles nationwide—Weingarten requested that state treasurers and comptrollers ask asset managers to assess their Tesla holdings.