"A resolution draft titled, "Resolution Ending Engagement With Elon Musk-Controlled Companies and To Encourage CalPERS To Divest Stock In These Companies," alleges that Musk "has engaged in business practices that are alleged to include violations of labor laws, environmental regulations, workplace safety standards, and regulatory noncompliance." It claims that Musk "has used his influence and corporate platforms to promote political ideologies and activities that threaten democratic norms and institutions, including campaign finance activities that raise ethical and legal concerns.""
"A California City Council is planning to weigh whether it would adopt a resolution that would place a ban on its engagement with Elon Musk companies, like Tesla and SpaceX. The City of Davis, California, will have its City Council weigh a new proposal that would adopt a resolution "to divest from companies owned and/or controlled by Elon Musk." This would include a divestment proposal to encourage CalPERS, the California Public Employees Retirement System, to divest from stock in any Musk company."
The City Council of Davis, California will consider a resolution to divest from companies owned or controlled by Elon Musk and to encourage CalPERS to divest stock in those companies. The draft alleges that Musk has engaged in business practices alleged to include violations of labor laws, environmental regulations, workplace safety standards, and regulatory noncompliance. The draft also alleges that Musk has used his influence and corporate platforms to promote political ideologies and activities that threaten democratic norms, including campaign finance activities that raise ethical and legal concerns. If adopted, the city would bar new contracts or purchases with Musk-controlled companies and would decline use of Tesla Robotaxis. A staff report states no immediate budgetary impact.
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