Lehigh County, PA's $500M pension fund is first to halt Tesla investments

How not to promote your brand

By Mike Killalea

#TeslaTakedowns and anti-Musk advocacy is working. Most recently, Lehigh County, PA, stopped investing its $50 million pension fund in Tesla. The county controller cited the company’s falling revenues, stock price crash a “real financial risk.”

“Today, Lehigh County took a step that no other U.S. pension fund has taken: We suspended all new Tesla stock purchases in our actively managed pension funds,” announced the county controller, Mark Pinsley.

“The reason is simple,” he continued, “  Elon Musk’s political activity creates real financial risk, and Tesla’s latest numbers show it. Earnings are down 71%. Revenues are falling. The brand is suffering.”

https://substack.com/home/post/p-163012408?link_id=0&can_id=319dc9738b489ffb508c73a737e7dbb2&source=email-a-huge-win-in-pennsylvania&email_referrer=email_2726907&email_subject=a-huge-win-in-pennsylvania