Teachers’ Union Urges Public Pensions to Seek Tesla Stake Review

A national teachers’ union is urging public pensions to ask their money managers how they will safeguard retirement assets given the steep plunge in Tesla Inc. shares this year.

In a letter to more than 75 state and city chief fiduciary officers of US public pension funds, American Federation of Teachers President Randi Weingarten is requesting they reach out to money managers overseeing their investments “to urgently review their current holdings” in the electric carmaker led by Elon Musk, according to a statement Wednesday.

The shares are down more than 40% from a closing record on Dec. 17, the ...