<div id="readability-page-1"><div><div>This year has been difficult for Tesla (NASDAQ: TSLA), and Lehigh County, Pennsylvania's pension fund, just made it a little bit worse. According to the Lehigh Valley News, the pension board voted 4-2 in favor of a motion to suspend future purchases of Tesla stock. The board also voted to advise its investment manager to create a written plan on how to divest from Tesla entirely.“I introduced this motion out of concern for CEO Elon Musk's political public profile and its adverse impact on Tesla's brand and Tesla's market performance,&#34; County Controller Mark Pinsley reportedly said in a statement,&#34;With Tesla’s earnings down 71% year-over-year and auto revenues falling 20%, our $500 million pension board prioritizes fiduciary responsibility. I believe this decision protects our retirees and may serve as a precedent for other institutional investors.”Don't Miss:<ul> <li>Hasbro, MGM, and Skechers trust this AI marketing firm — Invest before it's too late.</li> <li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – Many are rushing to grab 4,000 of its pre-IPO shares for just $0.30/share!</li> </ul>Pinsley's statement referenced Musk's role with the Department of Government Efficiency as part of the motivation behind the decision. “This is the first pension fund to make a public decision in response to Elon Musk’s nefarious activities with DOGE,” he said. However, the statement also noted that Tesla profits have &#34;Taken a sharp dive. We owe it to our retirees and taxpayers to take a hard look at whether these are wise investments at this time.”This would not be the first incident of a public pension fund divesting its Tesla interests. In March, Bloomberg reported that Denmark's $20 billion AkademikerPension was dropping its Tesla shares. The fund's CEO, Jens Munch Holst, took direct aim at Musk in his announcement explaining the divestiture decision. Holst said, &#34;In short, it's our view that Elon Musk is in the process of destroying Tesla's brand and value.&#34;<div><h3>Deloitte’s #1 fastest-growing software company partners with Amazon, Walmart &amp; Target – Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</h3><div><div>Mode Mobile developed a smartphone called EarnPhone, which allows users to earn and save money by playing video games, listening to music and reading the news. With the phone priced at an affordable $99, the barriers to adoption are low. Earning Opportunity for All Smartphone Users Mode EarnPhone State-of-the-art smartphone device includes built-in earning features. EarnOS Proprietary earning software turns smartphones into EarnPhones.</div><div><img src="https://imageproxy.pbkrs.com/https://cdnwp-s3.benzinga.com/wp-content/uploads/2024/11/22162831/Elon.jpg/query-YXV0bz13ZWJwJmRwcj0yJm9wdGltaXplPW1lZGl1bSZ3aWR0aD0yMzA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="460" height="460" original-src="https://imageproxy.pbkrs.com/https://cdnwp-s3.benzinga.com/wp-content/uploads/2024/11/22162831/Elon.jpg/query-YXV0bz13ZWJwJmRwcj0yJm9wdGltaXplPW1lZGl1bSZ3aWR0aD0yMzA"/></div></div><div><div>Min. Investment: $1000 Share Price: $0.26 Valuation: $310M </div></div></div>Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — this is your last chance to become an investor for $0.80 per share.Business Insider reported on Dutch pension fund ABP's decision to divest from Tesla in January. That sell-off saw nearly $600 million worth of Tesla stock hit the market, something which likely contributed to the company's massive stock slide. A blog post by ABP President Harman Van Wijnen took issue with the $50 billion bonus Tesla's board authorized for Musk. &#34;We felt this amount was not in line with our rules for good governance,&#34; he wrote.There can be no doubt that Musk's public persona and time with DOGE have made him a lightning rod for criticism, but the intensity of the blowback has been surprising. With that said, not everyone on Lehigh County's pension board supports the decision. Lehigh Valley Commissioner Ron Beitler voiced public frustration with Pinsley's announcement. Beitler told the Lehigh Valley News that Pinsley's announcement was ” A headline grab by a politically motivated controller.”However, he also wrote a Facebook post expressing his commitment to keeping politics out of pension investment decisions. “It doesn't matter whether a stock is linked to liberal or conservative causes or personalities — I don’t care. Our job is to make sound financial decisions. And we've done that. Even through tough markets, Lehigh County investments have delivered steady, reliable returns for our retirees,&#34; he said.<ul> <li>Be part of the next med-tech breakthrough for only $350 — 500+ surgeries already done with nView's AI system.</li> <li>Nancy Pelosi Invested $5 Million In An AI Company Last Year — Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000. </li> </ul>Image: Shutterstock</div></div></div>

TSLA

Lehigh County, Pennsylvania's pension fund board voted 4-2 to suspend future purchases of Tesla stock and advised its investment manager to plan for complete divestment. The decision, driven by concerns over CEO Elon Musk's political profile and Tesla's declining earnings, aims to protect retirees' interests. This follows similar actions by other pension funds, including Denmark's AkademikerPension. However, not all board members agree, with some arguing that investment decisions should remain apolitical.

- Lehigh County's pension fund voted to suspend future purchases of Tesla stock and advised divestment due to concerns over CEO Elon Musk's public profile and its impact on the company's performance.  
- The decision follows a significant decline in Tesla's earnings and revenue, with the board prioritizing fiduciary responsibility to protect retirees.  
- This move aligns with similar actions by other pension funds, reflecting growing scrutiny of Musk's influence on Tesla's brand and market value.

Lehigh County, Pennsylvania Pension Fund's Board Votes To No Longer Purchase Tesla Stock