Tesla cut from S&P 500 ESG Index, and Elon Musk tweets his fury

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Tesla cut from S&P 500 ESG Index, and Elon Musk...
 © CyprusMail 2022
An S&P Dow Jones Indices executive told Reuters on Wednesday it has removed electric carmaker Tesla Inc (TSLA.O) from the widely followed S&P 500 ESG Index (.SPXESUP)because of issues including claims of racial discrimination and crashes linked to its autopilot vehicles, and Tesla CEO Elon Musk responded with harsh tweets including that “ESG is a scam”.

In its changes, effective May 2, the sustainability index also added soon-to-be-Musk-controlled Twitter Inc (TWTR.N) and oil refiner Phillips 66 (PSX.N) while dropping Delta Air Lines and Chevron Corp, according to an announcement....


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Article automatically added to our system on Thursday, May 19, 2022

Tesla cut from S&P 500 ESG Index, and Elon Musk tweets his fury


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