New York City Should Pull the Plug on Tesla 🚫⚡

It's no secret that Tesla has been riding an emotional rollercoaster over the past few years. But is it time for New York City to get off the ride? According to Justin Brannan, a member of the New York City Council and a candidate for city comptroller, the answer is a resounding YES! 🚀

Brannan argues that investing public pension money into Tesla is nothing short of financial and moral recklessness. With the company's stock price plummeting and profits down a staggering 71%, it’s only logical for the city to reconsider its $1.2 billion investment in Tesla. 💰📉

The Punk Spirit of Accountability 🎸

Brannan recalls his days playing in punk bands, calling out corruption and standing up for what's right, a spirit he brings to his political career. He believes that the money managed for nearly 300,000 retirees should represent the values of New York City, not the failing ambitions of a billionaire showing signs of erratic behavior. Musk has recently been in the spotlight for questionable decisions that endanger both national security and the well-being of everyday citizens. 🤔💔

A Risky Investment

It’s not merely about personal opinions of Musk or Tesla; it’s about the numbers. A company that was once seen as a beacon of innovation is now in a precarious position. Sales are plunging across Europe and China, and no one can ignore the alarm bells when profits are crashing. Holding onto these stocks could leave retirees hanging onto a house of cards. 🏰❌

A Call for Action

Brannan is passionate about ensuring that pensions reflect the values of the city they serve. New York has previously made bold moves, divesting from fossil fuels and gun manufacturers. It’s time for a similar bold move against a company that prioritizes the whims of its founder over the interests of its investors, particularly the vulnerable — our retirees. The demand here is clear: New York City must take a stand and divest from Tesla! 💪🚀

It’s more than just a financial decision; it’s an ethical one. Should NYC be funding billionaires who seem more intent on pushing political extremes than upholding community values? When public pensions are on the line, the answer needs to be a definitive no! ❌📢

As Brannan aptly puts it, this isn’t just about making headlines; it’s about securing stable returns for those who invested their lives in building this city. In choosing where to invest, NYC can lead by example and say NO to a company that has shown it does not have the best interests of working-class people at heart. 🚀

Conclusion

As New Yorkers, we have the power to direct our city's investments toward companies and leaders who truly reflect our values. Let’s make sure our hard-earned pensions don’t end up in the hands of those who do not have our best interests at heart.

What are your thoughts? Should NYC divest from Tesla? Let’s discuss in the comments below! 👇💬

#NYCInvestments #PensionFunds