The head of New York City’s pension funds threatened a shareholder lawsuit against Tesla, arguing that CEO Elon Musk’s leadership at the Department of Government Efficiency was hurting the stock.
Violent attacks and negative attention toward Musk have taken a major financial toll on the company as Tesla stock has decreased in value by 40% over the last year. It peaked before Trump’s inauguration in January at over $428 per share, but sits at $274.78 as of Tuesday afternoon.
Tesla vehicles, charging stations, and dealerships have been targeted in a campaign of attacks in recent weeks, ranging from graffiti to firebombing Tesla vehicles. The attacks come as left-wing activists express their frustrations over Musk’s large role in the Trump administration, launching protests across the country.
The New York pension
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