Dems enraged over Elon Musk want NYC to divest $1 billion in pension funds from Tesla

Some Big Apple Dems are so furious over Elon Musk and DOGE that they’re vowing to try to divest city pensions from his lucrative, environmentally friendly company Tesla.Brooklyn city Councilman Justin Brannan is making divestment from Tesla a key plank in his bid to become the next city comptroller and is even fundraising off the pledge.City pensions, managed by the comptroller’s office, currently have about $1.2 billion invested in Tesla.“Elon Musk is deadly for democracy, and his companies are corrosive for our portfolio,” Brannan said Tuesday.“Musk is an unelected oligarch with way too much power – and he’s using it to screw over everyday New Yorkers.He’s gutting the Social Security Administration, cutting critical funding for New York City, and now he’s leveraging his vast wealth and status as one of President Trump’s biggest donors,” Brannan raged.The pol and other Dems have turned on Musk — once the darling of the left for making emission-free EV cars run by batteries instead of gas-fueled, carbon-spewing vehicles — for backing President Trump and spearheading cuts and waste in the federal government through the controversial Department of Government Efficiency.Brannan said Musk’s actions threaten the city and economic stability and are “particularly bad for the retirees that our pension system is supposed to protect.

“This is simply not someone the City of New York should be doing business with,” he said.He went further in a campaign fundraising pitch.“Your hard-earned pension dollars should not be subject to the whims of a power-mad unelected oligarch, especially when it’s not even good for your wallets.Tesla’s stock is extremely volatile and is already underperforming,” Brannan said.But state Conservative Party Chairman Jerry Kassar said such Democrats look like phonies.“It is ironic that Tesla would find itself at the end of the Democrats’ sword, the people who’ve preached the cause of clean energy,” Kass...