Controversy over Elon Musk’s anti-Semitic comments on social media reached Tesla’s board this week. Investors in the electric car company are echoing comments made by the company’s CEO last week.
New York City Public Pension Fund Administrator Brad Lander sent a letter to Tesla Board Chairman Robin Denholm on Monday, urging him and other board members to hold Musk accountable for his recent actions and ensure they don’t harm the company. The city’s pension systems held about $946 million in Tesla stock as of September.
“We are deeply concerned that his hateful statements will have negative effects on Tesla’s reputation and finances,” Lander wrote, warning that failure to address Musk’s behavior could cause cultural and reputational damage to the automaker. “If the board takes no action against Musk, it will send a message to all Tesla employees that the company’s CEO’s conduct is blameless,” he wrote.
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