Tesla removed from S&P 500 ESG Index, Musk says political attack
Dow Jones Indices has removed electric carmaker Tesla Inc (NASDAQ: TSLA) from its sustainability-focused widely-followed S&P 500 ESG Index, citing issues including racial discrimination claims and crashes linked to its autopilot vehicles
By Arghyadeep Dutta
Published - May 18, 2022, 03:30 PM ET
Last Updated - Feb 28, 2024, 07:48 AM EST
• Lack of carbon strategy and codes of business conduct has prompted S&P to remove Tesla
• “ESG is an outrageous scam!” Musk said
S&P Dow Jones Indices has removed electric carmaker Tesla Inc (NASDAQ: TSLA) from its sustainability-focused widely-followed S&P 500 ESG Index, citing issues including racial discrimination claims and crashes linked to its autopilot vehicles.
The organization also said other factors, including the EV maker’s lack of published details related to its low carbon strategy or business conduct codes, contributed to the decision.
