A US pension fund voted to block new investment in Tesla for the first time: 'Musk ruined the brand'

2025-05-09 22:19:46

A U.S. pension fund has taken steps to suspend purchases of Tesla shares, citing risks posed by Chief Executive Elon Musk and the company's lagging financial performance. Lehigh County Auditor Mark Pinsley said the pension fund board's fiduciary oversight duties required them to clearly understand the risks of further investing retiree assets in Tesla without more information.

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