elon musk dubs the s&p 500 esg as “outrageous scam” after tesla gets booted from index

Elon Musk is not happy that Tesla, a company whose sole purpose is to accelerate the world’s advent of sustainable energy, has been kicked off the S&P 500 ESG Index, an equity index that tracks and scores companies according to environmental, social, and governance principles.

During its recent rebalancing of the S&P 500 ESG Index, the S&P Dow Jones Indices noted that Tesla was kicked off the esteemed list due to its low S&P DJI ESG score. The S&P Dow Jones Indices cited Tesla’s handling of incidents related to Autopilot and controversies surrounding the Fremont Factory as reasons behind the company’s low scores.

ESG is an outrageous scam! Shame on @SPGlobal

— Elon Musk (@elonmusk) May 18, 2022

“A Media and Stakeholder Analysis, a process that seeks to identify a company’s current and potential future exposure to risks stemming from its involvement in a controversial incident, identified two separate events centered around claims of racial discrimination and poor working conditions at Tesla’s Fremont factory, as well as its handling of the NHTSA investigation after multiple deaths and injuries were linked to its autopilot vehicles. Both of these events had a negative impact on the company’s S&P DJI ESG Score at the criteria level, and subsequently its overall score,” the firm wrote in a blog post.

Responding to the S&P 500 ESG Index’s rebalancing, which resulted in oil companies like Exxon being ranked higher than Tesla, Elon Musk took to Twitter to air his thoughts on the matter. Musk was bold in his words, calling the ESG an “outrageous scam.” He also stated that the company behind the move “lost their integrity.”

A clear case of wacktivism

— Elon Musk (@elonmusk) May 19, 2022

“Exxon is rated top ten best in world for environment, social & governance (ESG) by S&P 500, while Tesla didn’t make the list!” Musk wrote in one of his tweets on the subject.

The Tesla CEO was focused on the S&P 500 ESG Index’s rebalancing for some time, noting in later tweets that the ESG “has been weaponized by phony social justice warriors.” A few memes about the subject were also posted.

Despite Tesla doing more for the environment than any company ever! pic.twitter.com/ImxrhnRepj

— Elon Musk (@elonmusk) May 18, 2022

A spokesperson from the S&P declined to comment on Musk’s recent incendiary comments. “We would simply reiterate the explanation laid out,” the spokesperson told The Wall Street Journal.

Overall, Musk’s aggravation about the S&P 500 ESG Index’s rebalancing is understandable. As could be seen in Tesla’s 2021 Impact Report, the company has made significant strides in making itself as sustainable as possible. It is then quite surprising, if not a tad bit disappointing, to see the S&P 500 ESG Index using allegations that are yet to be proven to lower the company’s S&P DJI ESG score.

Don’t hesitate to contact us with news tips. Just send a message to [email protected] to give us a heads up.

Keyword: Elon Musk dubs the S&P 500 ESG as “outrageous scam” after Tesla gets booted from index

CAR'S NEWS RELATED

Swiss Dealer Creates Its Own Peugeot 208 Rallye Special Edition, And It's Incroyable

Image: Garages Hotz SA If you’re a nerdy car enthusiast who loves hot hatchbacks, there’s a good chance your brain specifically focuses in on the French variety. Citroën, Peugeot and Renault have all put out dozens of stupendous hot hatches over the years, ranging from tame, affordable models to ...

View more: Swiss Dealer Creates Its Own Peugeot 208 Rallye Special Edition, And It's Incroyable

Tesla Cybertruck ‘Basecamp’ tent, solar, and beast mode, leak through app

Tesla Cybertruck options and accessories have leaked through a mobile app update revealing a ‘Basecamp’ tent, solar option, and new “Beast mode”. We are just a day away from getting all the details about the Cybertruck direct from Tesla, but a leak is now giving us some details ahead ...

View more: Tesla Cybertruck ‘Basecamp’ tent, solar, and beast mode, leak through app

Taiwanese Tesla supplier Hota retools supply chain with first US factory

Companies Hota Industrial Mfg. Co Ltd Ford Motor Co General Motors Co TAICHUNG, Taiwan, Nov 29 (Reuters) – For years, Hota Industrial Mfg. Co has made gears, shafts and other auto parts in Taiwan and shipped them to large foreign carmakers such as Tesla (TSLA.O), Ford Motor (F.N) and ...

View more: Taiwanese Tesla supplier Hota retools supply chain with first US factory

Tesla Cybertruck’s ‘Beast Mode’, Trim Details Uncovered By Software Developer

A developer who deconstructed the Tesla app also revealed that the pickup will come in two trim levels.

View more: Tesla Cybertruck’s ‘Beast Mode’, Trim Details Uncovered By Software Developer

Mazda CEO Says Electric Vehicles (Other Than Teslas) are “Not Taking Off”

Mazda’s Chief Operating Officer, Masahiro Moro, has expressed some frustrations that the company’s battery-electric lineup is struggling to gain traction, stating that any EV, other than a Tesla, simply isn’t popular with buyers. In a surprisingly candid interview with Fortune, Moro said that “EV is an absolutely important technology, and ...

View more: Mazda CEO Says Electric Vehicles (Other Than Teslas) are “Not Taking Off”

Closer look at Tesla Cybertruck – should we be concerned?

We get a closer look at the Tesla Cybertruck with one of the units the automaker is now displaying in its showrooms. Should we be concerned about the build quality? Much has been said about the Cybertruck build quality even before the truck has made it to market. We ...

View more: Closer look at Tesla Cybertruck – should we be concerned?

Tired Of Waiting For Your Cybertruck? You Can Now Lease A Rivian R1T

Photo: Rivian Rivian finally started offering leases for its electric R1T pickup in 14 states on Monday, and these leases are eligible for the full $7500 federal EV lease credit – in contrast to the $3750 credit that Rivian buyers are eligible for. The lucky residents of Arizona, California, ...

View more: Tired Of Waiting For Your Cybertruck? You Can Now Lease A Rivian R1T

Even A Tesla Cybertruck Prototype Can't Mess With San Francisco Parking Enforcement

Screenshot: Tesla East Bay Fremont on Twitter There have been a lot of Tesla Cybertruck ‘release candidates’ on the back of tow trucks lately, but they’ve all been related to breakdowns. This time a Cybertruck driver parked in the wrong place and the city of San Francisco brought down ...

View more: Even A Tesla Cybertruck Prototype Can't Mess With San Francisco Parking Enforcement

This Gorgeous Porsche 911 Restomod Has A Carbon Body And Five-Stage Dampers

Tesla Raises Insurance Rates For Drivers Who Use 'Track Mode' On The Track

Tesla Confirms A New Model 3 Performance Is On The Way

Tesla increases Cybertruck pre-order deposit, but reverts right away

Slow Cybertruck Production Will Cost Tesla 'Blood, Sweat and Tears'

The Tesla Cybertruck Isn't Even On Sale Yet But Somehow One Got Impounded

Mercedes investigating failure after George Russell crash ends his Abu Dhabi post-season F1 test

Mercedes investigating failure after George Russell crash disrupts Abu Dhabi post-season F1 test

Tesla sues Sweden’s transport agency, and gets a small win

Tesla on two wheels? India's Ola Electric feels the strains of success

I Saw The Tesla Cybertruck Up Close. My Jaw's Still On The Floor

Tesla beats US claim that it fired factory workers amid union campaign

OTHER CAR NEWS

; Top List in the World https://www.pinterest.com/newstopcar/pins/
Top Best Sushi Restaurants in SeoulTop Best Caribbean HoneymoonsTop Most Beautiful Islands in PeruTop Best Outdoor Grill BrandsTop Best Global Seafood RestaurantsTop Foods to Boost Your Immune SystemTop Best Foods to Fight HemorrhoidsTop Foods That Pack More Potassium Than a BananaTop Best Healthy Foods to Gain Weight FastTop Best Cosmetic Brands in the U.STop Best Destinations for Food Lovers in EuropeTop Best Foods High in Vitamin ATop Best Foods to Lower Your Blood SugarTop Best Things to Do in LouisianaTop Best Cities to Visit in New YorkTop Best Makeup Addresses In PennsylvaniaTop Reasons to Visit NorwayTop Most Beautiful Islands In The WorldTop Best Law Universities in the WorldTop Richest Sportsmen In The WorldTop Biggest Aquariums In The WorldTop Best Peruvian Restaurants In MiamiTop Best Road Trips From MiamiTop Best Places to Visit in MarylandTop Best Places to Visit in North CarolinaTop Best Electric Cars For KidsTop Best Swedish Brands in The USTop Best Skincare Brands in AmericaTop Best American Lipstick BrandsTop Michelin-starred Restaurants in MiamiTop Best Secluded Getaways From MiamiTop Best Things To Do On A Rainy Day In MiamiTop Most Instagrammable Places In MiamiTop Interesting Facts about FlorenceTop Facts About The First Roman Emperor - AugustusTop Best Japanese FoodsTop Most Beautiful Historical Sites in IsraelTop Best Places To Visit In Holy SeeTop Best Hawaiian IslandsTop Reasons to Visit PortugalTop Best Hotels In L.A. With Free Wi-FiTop Best Scenic Drives in MiamiTop Best Vegan Restaurants in BerlinTop Most Interesting Attractions In WalesTop Health Benefits of a Vegan DietTop Best Thai Restaurant in Las VegasTop Most Beautiful Forests in SwitzerlandTop Best Global Universities in GermanyTop Most Beautiful Lakes in GuyanaTop Best Things To Do in IdahoTop Things to Know Before Traveling to North MacedoniaTop Best German Sunglasses BrandsTop Highest Mountains In FranceTop Biggest Hydroelectric Plants in AmericaTop Best Spa Hotels in NYCTop The World's Scariest BridgeTop Largest Hotels In AmericaTop Most Famous Festivals in JordanTop Best European Restaurants in MunichTop Best Japanese Hiking Boot BrandsTop Best Universities in PolandTop Best Tips for Surfing the Web Safely and AnonymouslyTop Most Valuable Football Clubs in EuropeTop Highest Mountains In ColombiaTop Real-Life Characters of Texas RisingTop Best Beaches in GuatelamaTop Things About DR Congo You Should KnowTop Best Korean Reality & Variety ShowsTop Best RockstarsTop Most Beautiful Waterfalls in GermanyTop Best Fountain Pen Ink BrandsTop Best European Restaurants in ChicagoTop Best Fighter Jets in the WorldTop Best Three-Wheel MotorcyclesTop Most Beautiful Lakes in ManitobaTop Best Dive Sites in VenezuelaTop Best Websites For Art StudentsTop Best Japanese Instant Noodle BrandsTop Best Comedy Manhwa (Webtoons)Top Best Japanese Sunglasses BrandsTop Most Expensive Air Jordan SneakersTop Health Benefits of CucumberTop Famous Universities in SwedenTop Most Popular Films Starring Jo Jung-sukTop Interesting Facts about CougarsTop Best Hospitals for Hip Replacement in the USATop Most Expensive DefendersTop Health Benefits of GooseberriesTop Health Benefits of ParsnipsTop Best Foods and Drinks in LondonTop Health Benefits of Rosehip TeaTop Best Air Fryers for Low-fat CookingTop Most Asked Teacher Interview Questions with AnswersTop Best Shopping Malls in ZurichTop The Most Beautiful Botanical Gardens In L.A.Top Best Mexican Restaurants in Miami for Carb-loading rightTop Best Energy Companies in GermanyTop Best Garage HeatersTop Largest Banks in IrelandTop Leading Provider - Audit and Assurance In The USTop Best Jewelry Brands in IndiaTop Prettiest Streets in the UKTop Best Lakes to Visit in TunisiaTop Highest Mountains in Israel