BBC’s Compromising Investment In Tesla
By Paul Homewood
As I pointed out yesterday, the BBC have been quite unashamedly promoting the new Tesla model just unveiled.
This has taken the form of several news stories, videos, radio interviews and an I Player radio slot.
In particular, they have repeatedly headlined the “affordable car” slogan, which has been Elon Musk’s advertising ploy for at least two years now.
They have also quoted US prices, which have then been misleadingly converted into sterling, ignoring the fact that UK car prices tend to be much higher than US ones, because of taxation and other factors.
It must surely therefore be a total coincidence that the BBC Pension Fund happens to hold £19 million of Tesla stock, making it the 15th largest individual equity investment.
As the BBC itself points out:
The California-based company needs the vehicle to prove popular if it is to stay in business.
It would be a shame if that £19 million went down the swannee!
Ironically, the Pension Fund also has large holdings in (tax dodging) Amazon, (climate wrecking) Shell and (all round baddies) Imperial Tobacco.
To paraphrase Del Boy:
“ A conscience is fine, Rodney, but business is business!”