Tesla stock keeps falling. Now a teachers’ union wants big money managers to rethink their investments

Tesla's stock price has significantly dropped, prompting concerns from the American Federation of Teachers (AFT). AFT president Randi Weingarten urged major asset management firms to reassess their Tesla investments. Weingarten cited Tesla's missed profit margins, rising costs, and declining sales in Europe as red flags. The letter also highlighted increased competition in the EV market, particularly in charging infrastructure. Musk's involvement in politics and a controversial pay package further fueled concerns. Tesla's brand perception has suffered due to negative views of Musk, hindering customer growth. The AFT represents millions of workers whose pension funds hold substantial Tesla shares. Weingarten requested a response detailing the firms' assessment of Tesla's valuation and protective measures. The AFT's concerns stem from the potential impact on its members' retirement savings. Tesla's stock is down 23% year-to-date.