Sacramento, California Local News
California’s public retirement system is reviewing a request to divest from Tesla
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California’s public retirement system, also known as CalPERS, confirmed on Thursday its closely reviewing a request to divest from Tesla. Two organizations, the civil rights group Latino Justice and the National Institute for Workers’ Rights, sent the request in a letter to California State Controller Malia Cohen. Part of their reasoning included Elon Musk’s previous comments that diversity, equity and inclusion (DEI) programs should “d-i-e.” “These are serious issues, and we are closely reviewing the details of the letter,” said CalPERS spokesperson James Scullary. “CalPERS believes that the employees of every company in which we invest have the right to a safe and healthy work environment, one in which their fundamental human rights are respected.” “We’ve known about Tesla’s record discrimination against people of color for a while,” said Jason Soloman, the director of the National Institute for Workers’ Rights, in an interview with KCRA. “The CEO, Elon Musk, has tried to get all companies to follow his lead and give up on trying to prevent discrimination through sensible, diversity and inclusion efforts.” “CalPERS leadership has made statements supporting those values, they have publicly committed to advancing those values. But they have to put their money where their values are,” Soloman added. Musk has not commented on the request. The divestment request also comes as Musk continues to quarrel with the state of California, this time over the Coastal Commission’s decision to block his Space X rocket company from launching on the central coast. Members of the commission allegedly raised concerns about Space X’s employment practices and other political-related issues. See more coverage of top California stories here | Download our app | Subscribe to our morning newsletter
California’s public retirement system, also known as CalPERS, confirmed on Thursday its closely reviewing a request to divest from Tesla.
Two organizations, the civil rights group Latino Justice and the National Institute for Workers’ Rights, sent the request in a letter to California State Controller Malia Cohen.
Part of their reasoning included Elon Musk’s previous comments that diversity, equity and inclusion (DEI) programs should “d-i-e.”
“These are serious issues, and we are closely reviewing the details of the letter,” said CalPERS spokesperson James Scullary. “CalPERS believes that the employees of every company in which we invest have the right to a safe and healthy work environment, one in which their fundamental human rights are respected.”
“We’ve known about Tesla’s record discrimination against people of color for a while,” said Jason Soloman, the director of the National Institute for Workers’ Rights, in an interview with KCRA. “The CEO, Elon Musk, has tried to get all companies to follow his lead and give up on trying to prevent discrimination through sensible, diversity and inclusion efforts.”
“CalPERS leadership has made statements supporting those values, they have publicly committed to advancing those values. But they have to put their money where their values are,” Soloman added.
Musk has not commented on the request.
The divestment request also comes as Musk continues to quarrel with the state of California, this time over the Coastal Commission’s decision to block his Space X rocket company from launching on the central coast.
Members of the commission allegedly raised concerns about Space X’s employment practices and other political-related issues.
See more coverage of top California stories here | Download our app | Subscribe to our morning newsletter
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