As the price of Tesla shares plummet, a group of Democratic New York state senators are urging the state’s comptroller to divest the state pension fund’s position in the Elon Musk–run automaker.
The senators—a group of 23 Democratic representatives led by Senator Patricia Fahy (D—Albany)—sent a letter to the New York State Comptroller, Thomas Napoli, on Tuesday afternoon, asserting that Tesla’s volatile stock performance may pose an "increasingly perilous and financially unsustainable risk" to the pension fund, particularly if Elon Musk remains the CEO..
