What Tesla CEO Elon Musk Gets Wrong About ESG, According to Dave Nadig

Yahoo Finance2022-05-31

The S&P benchmark environmental, social, and governance (ESG) index dropped Tesla (TSLA) recently, leading Elon Musk to tweet that ESG is a "scam."But while Tesla has been a trailblazer in driving ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Sheyik
2022-05-31
Sheyik
Thanks Dave for this article perhaps you should look at the % of employee satisfied with the working environnement there whigh is way above average, the % of employee who would recommend to work there to their friends and family, the better safety condition employees are factory live in and the fact that tesla saved fremont factory fromclosing because the union abandon all the workers there. Let's not forget the salary package whichare way above average in the industry and stock option all employees get. ESG added 5 Oil companies after kicking tesla that's very environmental(satire) knowing Tesla is not only full electric but also use less water than any OEM.. hypocrite Dave
- K74:
  Noted
- Alkid:
  Ok
- Koco:
  okay
- miaumiau:
  👍
- StingWolf:
  Ok
苗派
2022-05-31
苗派
Hmm....🤔
Mindthink
2022-05-31
Mindthink
Ok
Singman
2022-05-31
Singman
Like
JayNayHayDay
2022-05-31
JayNayHayDay
Ok
Nevstar
2022-05-31
Nevstar
Ok

Leave a comment

158

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2239154542?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-05-31 07:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2239154542","market":"us","top_or_hot":-1,"title":"What Tesla CEO Elon Musk Gets Wrong About ESG, According to Dave Nadig","media":"Yahoo Finance","content":"<div>\n<p>The S&P benchmark environmental, social, and governance (ESG) index dropped Tesla (TSLA) recently, leading Elon Musk to tweet that ESG is a \"scam.\"But while Tesla has been a trailblazer in driving ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-ceo-elon-musk-wrong-about-esg-133447951.html\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Tesla CEO Elon Musk Gets Wrong About ESG, According to Dave Nadig</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat Tesla CEO Elon Musk Gets Wrong About ESG, According to Dave Nadig\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-31 07:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tesla-ceo-elon-musk-wrong-about-esg-133447951.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P benchmark environmental, social, and governance (ESG) index dropped Tesla (TSLA) recently, leading Elon Musk to tweet that ESG is a \"scam.\"But while Tesla has been a trailblazer in driving ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-ceo-elon-musk-wrong-about-esg-133447951.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLA","symbol_name":"特斯拉","start_time":0,"source_url":"https://finance.yahoo.com/news/tesla-ceo-elon-musk-wrong-about-esg-133447951.html","article_id":"2239154542","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2239154542","pubTimestamp":1653953249,"sourceInfo":null,"weMediaInfo":null,"summary":"The S&P benchmark environmental, social, and governance (ESG) index dropped Tesla (TSLA) recently, l","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉"},"translate_title":"根据Dave Nadig的说法，特斯拉首席执行官埃隆·马斯克对ESG有什么错误","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":1},"content_text":"The S&P benchmark environmental, social, and governance (ESG) index dropped Tesla (TSLA) recently, leading Elon Musk to tweet that ESG is a \"scam.\"But while Tesla has been a trailblazer in driving electric vehicle adoption, VettaFi's Dave Nadig told Yahoo Finance Live (video above), the company's environmental record may not be enough to bolster its holistic ESG score.\"It's important to remember that ESG has three letters in it, not just one,\" Nadig said. \"And I think his concern was, well, we're getting booted out, and we're supposed to be this environmentally go-forward company that's going to change our electric grid. I think that may all be true, but there's also an S and a G.\"Nadig explained that the \"social part has to do with how you're treating your employees, and the governance part often has to do with how well you're managing your company, what your regulatory environment is, what your lawsuit situation looks like. All of those things have been going the wrong way for Tesla for months.\"Margaret Dorn, S&P's head of ESG indices for North America, stated that Tesla's rating was adversely affected by allegations of racial discrimination and poor working conditions in its Fremont, California, factory in addition to the company's handling of an investigation of deaths linked to its autopilot feature, business conduct, and lack of a low-carbon strategy contributed to the company's overall score.Dorn also noted Tesla's ESG ranking has remained \"fairly stable\" in the last year while the relative strength of the EV maker's rating against global peers in the automotive sector has diminished.Another important consideration is that the S&P 500 ESG Index doesn't issue its holdings merely on ESG rankings but constructs the index to mimic S&P 500 industry weights while also improving on sustainability and social issues.To \"reflect the evolving sentiments of a sustainability-minded investor,\" Dorn noted, the index excludes companies with at least moderate exposure to or ownership of controversial weapons, thermal coal, tobacco products, oil sands, small arms, and military contracting.Top holdings include tech giants like Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), and Google (GOOGL). Exxon Mobil (XOM) also made the list, despite having a high-risk rating due to carbon emissions. S&P did not comment on the Pacer Swan SOS Fund of Funds ETF|ETF's other holdings.Given the specific criteria of this index, Tesla getting \"kicked out of an ESG ETF makes a lot of sense,\" Nadig said. \"To get kicked out of purely a net-zero impact ETF focused only on the environment, maybe he'd have a point. But ESG funds are not one-size-fits-all. You've got to look under the hood.\"","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":617938399,"gmtCreate":1653992299912,"gmtModify":1676533168544,"author":{"id":"4097069886029040","authorId":"4097069886029040","authorIdStr":"4097069886029040","name":"Sheyik","avatar":"https://static.tigerbbs.com/6e81f02564607efa7de4a7fb31fea08b","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":0,"idStr":"4097069886029040"},"htmlText":"Thanks Dave for this article perhaps you should look at the % of employee satisfied with the working environnement there whigh is way above average, the % of employee who would recommend to work there to their friends and family, the better safety condition employees are factory live in and the fact that tesla saved fremont factory fromclosing because the union abandon all the workers there. Let's not forget the salary package whichare way&nbsp;above average in the industry&nbsp;and stock option all employees get. ESG added 5 Oil companies after kicking tesla that's very environmental(satire)&nbsp;knowing Tesla is not only full electric but also use less water than any OEM.. hypocrite Dave&nbsp;","listText":"Thanks Dave for this article perhaps you should look at the % of employee satisfied with the working environnement there whigh is way above average, the % of employee who would recommend to work there to their friends and family, the better safety condition employees are factory live in and the fact that tesla saved fremont factory fromclosing because the union abandon all the workers there. Let's not forget the salary package whichare way&nbsp;above average in the industry&nbsp;and stock option all employees get. ESG added 5 Oil companies after kicking tesla that's very environmental(satire)&nbsp;knowing Tesla is not only full electric but also use less water than any OEM.. hypocrite Dave&nbsp;","text":"Thanks Dave for this article perhaps you should look at the % of employee satisfied with the working environnement there whigh is way above average, the % of employee who would recommend to work there to their friends and family, the better safety condition employees are factory live in and the fact that tesla saved fremont factory fromclosing because the union abandon all the workers there. Let's not forget the salary package whichare way above average in the industry and stock option all employees get. ESG added 5 Oil companies after kicking tesla that's very environmental(satire) knowing Tesla is not only full electric but also use less water than any OEM.. hypocrite Dave","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/617938399","repostId":2239154542,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":102074562,"gmtCreate":1653992618570,"gmtModify":1663250710844,"authorId":3574026189533561,"author":{"id":3574026189533561,"authorId":3574026189533561,"name":"K74","avatar":"https://community-static.tradeup.com/news/0915c1dbb625a1fab842a01a98e9f31a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":617938399,"type":1,"supId":0,"prevId":0,"content":"Noted","text":"Noted","html":"Noted"},{"id":102074564,"gmtCreate":1653992674153,"gmtModify":1663250710531,"authorId":3574044380631135,"author":{"id":3574044380631135,"authorId":3574044380631135,"name":"Alkid","avatar":"https://static.tigerbbs.com/d584ca72b32575d58fab92034b2973bc","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"93.81%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":617938399,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":102074568,"gmtCreate":1653992752125,"gmtModify":1663250709755,"authorId":3578040476775865,"author":{"id":3578040476775865,"authorId":3578040476775865,"name":"Koco","avatar":"https://static.tigerbbs.com/4f310ea25748d79ab649d0d2fa408202","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":617938399,"type":1,"supId":0,"prevId":0,"content":"<u>okay</u>","text":"<u>okay</u>","html":"<u>okay</u>"},{"id":102074572,"gmtCreate":1653992772440,"gmtModify":1663250708433,"authorId":4094827223304910,"author":{"id":4094827223304910,"authorId":4094827223304910,"name":"miaumiau","avatar":"https://community-static.tradeup.com/news/dd3ba96299ce3977e151b358b7e0f705","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.29","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":617938399,"type":1,"supId":0,"prevId":0,"content":"👍","text":"👍","html":"👍"},{"id":102074571,"gmtCreate":1653992770791,"gmtModify":1663250707746,"authorId":4102052910513430,"author":{"id":4102052910513430,"authorId":4102052910513430,"name":"StingWolf","avatar":"https://static.tigerbbs.com/052620f6f5a7118e9df1fa3d90ed5549","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":617938399,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"CN"},{"id":9027927725,"gmtCreate":1653961250267,"gmtModify":1676535369974,"author":{"id":"3579215816370312","authorId":"3579215816370312","authorIdStr":"3579215816370312","name":"苗派","avatar":"https://static.itradeup.com/news/3e240c0ff43f51cf950707d226f79472","vip":1,"crmLevel":3,"crmLevelSwitch":1,"idStr":"3579215816370312"},"htmlText":"Hmm....🤔","listText":"Hmm....🤔","text":"Hmm....🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9027927725","repostId":2239154542,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9027982266,"gmtCreate":1653959343355,"gmtModify":1676535369469,"author":{"id":"4102837759709900","authorId":"4102837759709900","authorIdStr":"4102837759709900","name":"Mindthink","avatar":"https://community-static.tradeup.com/news/89b965229f7209196369426d161728ee","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"4102837759709900"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9027982266","repostId":2239154542,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9027055227,"gmtCreate":1653955004769,"gmtModify":1676535367512,"author":{"id":"3575125836760247","authorId":"3575125836760247","authorIdStr":"3575125836760247","name":"Singman","avatar":"https://static.tigerbbs.com/d770feb757705f2d631d2d5f381ae07b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575125836760247"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9027055227","repostId":2239154542,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9027052065,"gmtCreate":1653954928057,"gmtModify":1676535367465,"author":{"id":"3583556881329786","authorId":"3583556881329786","authorIdStr":"3583556881329786","name":"JayNayHayDay","avatar":"https://community-static.tradeup.com/news/26183a01265133621dca5960756230da","vip":1,"hat":"https://static.tigerbbs.com/7b75ce0c34afff716602792a5d0929dd","crmLevel":6,"crmLevelSwitch":1,"idStr":"3583556881329786"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9027052065","repostId":2239154542,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9027058284,"gmtCreate":1653954882148,"gmtModify":1676535367440,"author":{"id":"3582459988054864","authorId":"3582459988054864","authorIdStr":"3582459988054864","name":"Nevstar","avatar":"https://static.tigerbbs.com/c898e737b1498464bc1186d62dba484b","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3582459988054864"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9027058284","repostId":2239154542,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":158,"commentSize":28,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2239154542"}