Top financial officials sound alarm on ‘unconscionable’ economic impact of DOGE protest violence
A group of more than two dozen financial officers from various states across the United States have recently sent a letter to Attorney General Pam Bondi, expressing their concerns about the “domestic terrorism” attacks that have taken place at Tesla dealerships in recent weeks. These attacks have resulted in significant financial losses that are affecting millions of Americans, according to the letter.
The financial officers highlighted the impact of these attacks on the state pension systems and other state treasury investments, which have suffered losses as a result of the violence targeting Tesla dealerships. They emphasized that many state investment funds, including public pensions that hold the retirement savings of public school teachers, first responders, and police officers, have investments in Tesla for good reason. The company employs over 125,000 workers and had a valuation of roughly $1.3 trillion before the attacks began in late January 2025.
Since the attacks commenced, Tesla’s stock has plummeted, causing financial harm not only to Tesla owners and the company itself but also to millions of everyday Americans whose pension funds are invested in Tesla. The financial officers described the attacks as collateral damage of rage politics and violent actions, condemning the violence and its impact on innocent individuals and their financial well-being.
The FBI has launched a task force to address Tesla-related crimes, and the Justice Department has announced charges against arson suspects, with Attorney General Bondi labeling the attacks as “domestic terrorism.” The financial officers commended the administration’s swift response to the violence and called for the condemnation of radical elements that use violence as a form of political and economic persuasion.
Pennsylvania Treasurer Stacy Garrity expressed her concerns about the financial harm caused by the attacks and emphasized the need for elected officials to condemn the violence as domestic terrorism. She highlighted the risk to the retirement savings of public servants and called for decisive action against the perpetrators of the attacks.
Despite the ongoing violence, prominent Democrats have been slow to condemn the attacks, prompting criticism from Elon Musk and other top Republicans who have attributed the violence to far-left groups and organizations. The financial officers and the State Financial Officers Foundation CEO, O.J. Oleka, denounced the attacks as dangerous and selfish, emphasizing the need to protect Americans, their property, and their financial future from hate-fueled violence.
As the situation continues to unfold, it is crucial for all stakeholders to work together to address the root causes of the violence and ensure the safety and financial security of all individuals affected by these attacks. The financial officers stand ready to support necessary actions to protect Americans and their financial well-being in the face of domestic terrorism.
