this post was submitted on 24 Apr 2025
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The Canadian Association of Professional Employees (CAPE) is calling for public pension funds to divest from Tesla. To show solidarity with American workers facing attacks from Elon Musk and his so-called Department of Government Efficiency (DOGE), the union says it’s time for the Canadian Public Sector Pension Investment Board (CPSIB) to dump its Tesla shares.

Despite holding no elected position in United States President Donald Trump’s administration, Musk and his DOGE are firing public servants with reckless abandon, placing the entire American federal public sector in jeopardy. Essential workers at the departments of education, health and human services, energy, veterans affairs and defense, as well as the Internal Revenue Service, the National Park Service, and the Consumer Financial Protection Bureau have been summarily fired, furloughed, or pressured to accept dubious buyouts.

In response, CAPE, which represents more than 27,000 Canadian federal public servants, is leading the charge to pull Canadian public pension investments from the controversial electric automobile maker.

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[–] wise_pancake 4 points 19 hours ago

That’s why I basically don’t short stocks. The possible amount of how much you can lose is unlimited, and as you said being wrong about the timing is also a killer.