By Elizabeth Kim, The Gothamist
As Elon Musk slashes spending and targets federal agencies, his once popular electric carmaker Tesla is taking a beating. Protests have erupted at dealerships across the country, including in New York City; Tesla owners are selling off their cars and the stock price is plummeting.
Justin Brannan, a Democratic City Council member who’s running for city comptroller, is vowing to aim another dagger at the company if elected — by leading an effort to have the city pensions divest completely from Tesla holdings worth an estimated $1.2 billion.
“Elon Musk is coming for us,” Brannan told Gothamist in an interview. “Why should we be investing retirees’ hard-earned pension funds in a guy who’s already shown that he’s got New York City in the crosshairs?”
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