- The first domino falls! Today Lehigh County, Pennsylvania became the first US pension fund to suspend new Tesla purchases in its actively managed funds 👏🍸🎉 #teslatakedown substack.com/home/post/p-...
- Does “cease all new investment” also include divestment?May 6, 2025 23:41
- No, but the motion includes a requirement to produce a report in how the fund can divest. Pension funds are typically very slow and deliberative, this is a significant step in the world of pension management
- I think they should have been more deliberative in the first place. Who invests pension funds in a company with Tesla’s P/E ratio? Five old ladies in a stock club meeting monthly at a the Village Inn have more sense.
