By Lynn Cavanaugh
Source: Benefits Pro
Given the steep plunge in Tesla shares this year, the American Federation of Teachers President Randi Weingarten urged money managers in early April to “safeguard retirement assets” and urgently review their current holdings in electric car Tesla, which has been a target of political protests amid growing animosity for the brand.
Now, the Canadian Association of Professional Employees (CAPE), one of the largest federal public sector unions in Canada, has called on the Public Sector Pension Investment Board, and all pension funds in Canada, to dump their holdings in Elon Musk’s auto company Tesla.