Summary: News from May 19,Tesla (TSLA.US) was removed from the S&P 500 ESG Index. After the message was sent,Tesla's stock price fell 6.8% in a single day.Musk's personal wealth evaporatesUp to $12.3 billion.Tesla's General Governance Assessment, Social Responsibility Assessment, and General Dispute Assessment are allIt's not good for Tesla's overall ESG performance.
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1. Tesla was excluded from the S&P ESG Index
Posted on May 19,According to reports, global index provider S&P Dow Jones Indices announced that it will become the world's largest electric vehicle manufacturerTesla (TSLA.US) was removed from the S&P 500 ESG Index.
S&P Dow Jones believesOver the past year, Tesla's score in terms of environmental, social, and governance standards has remained “fairly stable,” but its ranking has declined compared to its constantly improving global peers.The S&P 500 ESG provider also mentioned,Tesla's working conditions and handling of casualty investigations related to autonomous driving systems were also pointed out that the lack of a low-carbon strategy and commercial code of conduct was not good for Tesla.
Mararet Dorn, senior director of the North American ESG Index at S&P Dow Jones, said:“While Tesla may have played its part in driving the exit of fuel vehicles, it has lagged behind its peers from a broader ESG (environmental, social, and governance) perspective.”
In response to this,Musk wrote:“ESG is a “scam”It's being disguised by those as social justice...