PSP Investments responds to call for divestment from Tesla
As of Dec. 31, 2024, PSP Investments held 690,063 shares of Tesla, valued at more than US$278M.
As of Dec. 31, 2024, PSP Investments held 690,063 shares of Tesla, valued at more than US$278M.
The fund missed its 2024 total
benchmark return of 12.9%.
The fund’s risk management portfolio produced the strongest returns of 33.9%, largely driven by its exposure to gold.
The letter noted Tesla’s volatile stock performance may pose an “increasingly perilous and financially unsustainable risk” to the pension fund.