Here's your Forbes Daily Briefing for Friday, June 6th.

Today on Forbes, pension funds have had it with Tesla's board and Musk.

When Elon Musk appeared in the White House last week at a ceremony with President Donald Trump,

marking the end of his controversial role leading the federal job-slashing Doge initiative, he sported a

shiner on his right eye that he claimed came from toddler son, X. That literal black eye will

heal, but the figurative ones Tesla and Musk's reputation have received from his political

activities are likely to linger. Some of Tesla's biggest shareholders, including unions like the American Federation of Teachers,

whose 1.8 million members participate in pension funds with $4 trillion of assets under management,

including $8.8 billion of Tesla shares, see one group as largely to blame.

The EV Company's. AFT president Randy

Weingarten told Forbes, quote, people don't like Elon Musk. We've taken the position over the course of the

last few months of, do your job, board, do your job financial industry, do the job you're supposed to do,

which is the governance of Tesla.

Weing Garten and the Teachers Union have been pushing fiduciary officers overseeing major

state and city pension funds, as well as investment firms like BlackRock, Fidelity, Vanguard,

T-Roe Price, and TIAA to review their Tesla holdings and pressure the board to change

its ways.

Weangarten said, quote, we don't want Tesla to fail, because if Tesla fails, that means a lot of

retirees are going to lose a lot of money in terms of their portfolios.

She added, quote, if you're going to have Musk there, then make sure he's there.

Don't have him do these extracurricular activities.

Make sure he's there or get another CEO.

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