Elon Musk Says ESG Is a ‘Scam’ as S&P Drops TSLA Stock From ESG Index

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Elon Musk Says ESG Is a ‘Scam’ as S&P Drops TSLA Stock From ESG Index

InvestorPlace2022-05-19

CEO Elon Musk’s focus on the environment can’t keep Tesla (NASDAQ:TSLA) stock on the S&P 500 ESG IndexElon Musk did not respond well to the removal newsTSLA stock slipped today amid the decision and ...

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Jesscy
·2022-05-20
TSLA stock price decreasing
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renity7
·2022-05-19
[Facepalm] and Ex*onM*bile is?Quote: "Per Refinitiv, the S&P 500 ESG Index tracks the “performance of companies with superior ESG index ratings for environmental, social, and governance practices.” Apparently, though, that definition no longer applies to Tesla."Such Irony
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YueShan
·2022-05-19
Ok⭐⭐⭐
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JLKang
·2022-05-19
Sigh...
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jazzspeed
·2022-05-19
ROUND 1: scammer vs manipulator
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HCLim
·2022-05-19
Ok
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FlorCheah
·2022-05-19
TSLA
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Vincent1968
·2022-05-19
Follow
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HENRYCSC
·2022-05-19
[Sly]
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AhBart
·2022-05-19
Guess Mr Elon should attend a humility course or workshop. He can be a much better man than he is right now 🤓🤓
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mster
·2022-05-19
I think Elon is really getting out of hand. Smart or not, He has let success gotten to his head. Keyman risk is getting higher by the day....
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Bob87
·2022-05-19
What's the difference between snp 500 index and snp500 esg index? Are they 2 different things?
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surfer guy
·2022-05-19
Sounds like sour grapes 🍇 to me, but what do I know [Helpless] [Duh]
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tomyummy
·2022-05-19
This quite the joke ...
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Remotecam
·2022-05-19
It's poor timing for ESG to do this now when $Tesla Motors(TSLA)$is obviously struggling in multiple fronts. If they have empathy to keep $Exxon Mobil(XOM)$, $Amazon.com(AMZN)$, etc on the list, why not Tesla? Something else going on here other than environmental protection.
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azure
·2022-05-19
[LOL]
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Soyabean89
·2022-05-19
Maybe his scoring of the SG aspect failed miserably? Consider the fact he cause panic and stock (twitter) & crypto rally n route Anyway when will SEC poke his ass? Sick of this manipulator going scott free
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jannn
·2022-05-19
[smile]
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The news broke this morning, in part causing TSLA stock to close down nearly 7%.This isn’t the only negative catalyst for Tesla today. But it’s certainly the one Elon Musk seems most concerned about.TSLA Stock Cut From the S&P 500 ESG IndexPer Refinitiv, the S&P 500 ESG Index tracks the “performance of companies with superior ESG index ratings for environmental, social, and governance practices.” Apparently, though, that definition no longer applies to Tesla. Earlier today, the index deemed the company ineligible for inclusion “due to its low S&P DJI ESG Score” which “fell in the bottom 25%” among industry peers.In its statement, the index acknowledged Tesla’s sustainable energy mission. It then broke down the reasons for its decision, citing “a decline in criteria level scores related to Tesla’s (lack of) low carbon strategy” and business conduct codes. The statement continued:“While Tesla may be playing its part in taking fuel-powered cars off the road, it has fallen behind its peers when examined through a wider ESG lens.”Elon Musk RespondsTesla CEO Elon Musk quickly reacted to this news, calling ESG a “scam.”.@SPGlobalRatingshas lost their integrity— Elon Musk (@elonmusk)May 18, 2022Musk’s initial tweet is worth a closer look. For one, Exxon Mobil (NYSE:XOM) is still part of the index, which is odd given the company’shistory with frackingand other environmentally unfriendly practices. In addition to that fact, Musk is also likely frustrated that some of Tesla’s big tech peers — including Amazon (NASDAQ:AMZN) and Apple(NASDAQ:AAPL) —  still make the list.Following his initial response, Elon Musk predicted that political attacks against him would escalate. The CEO then posted another meme about the decision.Despite Tesla doing more for the environment than any company ever!pic.twitter.com/ImxrhnRepj— Elon Musk (@elonmusk)May 18, 2022The Road Ahead for TeslaThe good news for Tesla is that it can return to the index next year. As the post states, “the beauty of the annual rebalance is that they will once again have an opportunity to be reviewed for inclusion in years to come.” However, Elon Musk’s reaction to the decision may not help Tesla’s cause.TSLA stock’s performance today may be due more to multiple analyst downgrades. However, it’s not good for Tesla to be dropped from a major index, either. Given Tesla’s status as a leader in sustainable innovation, it would behoove the company to reprioritize its ESG scores.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9021026751,"gmtCreate":1652977011773,"gmtModify":1676535200431,"author":{"id":"4094645548234760","authorId":"4094645548234760","name":"Jesscy","avatar":"https://community-static.tradeup.com/news/9e7f833a235aa6dec073e4b8e10b1443","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"TSLA stock price decreasing&nbsp;","listText":"TSLA stock price decreasing&nbsp;","text":"TSLA stock price decreasing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9021026751","repostId":1135356620,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9023449744,"gmtCreate":1652953570888,"gmtModify":1676535195348,"author":{"id":"4100392555064880","authorId":"4100392555064880","name":"renity7","avatar":"https://community-static.tradeup.com/news/9ead64a9ca5a429163e2429792ec9676","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"[Facepalm]&nbsp;and Ex*onM*bile is?Quote: \"Per Refinitiv, the S&amp;P 500 ESG Index tracks the “performance of companies with superior ESG index ratings for environmental, social, and governance practices.” Apparently, though, that definition no longer applies to Tesla.\"Such Irony","listText":"[Facepalm]&nbsp;and Ex*onM*bile is?Quote: \"Per Refinitiv, the S&amp;P 500 ESG Index tracks the “performance of companies with superior ESG index ratings for environmental, social, and governance practices.” Apparently, though, that definition no longer applies to Tesla.\"Such Irony","text":"[Facepalm] and Ex*onM*bile is?Quote: \"Per Refinitiv, the S&P 500 ESG Index tracks the “performance of companies with superior ESG index ratings for environmental, social, and governance practices.” Apparently, though, that definition no longer applies to Tesla.\"Such Irony","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023449744","repostId":1135356620,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9023554350,"gmtCreate":1652935424770,"gmtModify":1676535192622,"author":{"id":"3583033297199166","authorId":"3583033297199166","name":"YueShan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":1},"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/9023554350","repostId":1135356620,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9023522526,"gmtCreate":1652933791865,"gmtModify":1676535192287,"author":{"id":"4094622337222610","authorId":"4094622337222610","name":"JLKang","avatar":"https://static.tigerbbs.com/33ab643c577c9cadc6055155d6382c3a","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Sigh...&nbsp;","listText":"Sigh...&nbsp;","text":"Sigh...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023522526","repostId":1135356620,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9023512795,"gmtCreate":1652929618917,"gmtModify":1676535191524,"author":{"id":"3580340700781087","authorId":"3580340700781087","name":"jazzspeed","avatar":"https://community-static.tradeup.com/news/279520f8a08ed94bc72bf186dcf094e9","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"ROUND 1: scammer vs manipulator&nbsp;","listText":"ROUND 1: scammer vs manipulator&nbsp;","text":"ROUND 1: scammer vs manipulator","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023512795","repostId":1135356620,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9023516187,"gmtCreate":1652929402749,"gmtModify":1676535191486,"author":{"id":"3555474339085952","authorId":"3555474339085952","name":"HCLim","avatar":"https://static.tigerbbs.com/276f030fe24f51c6d83dbf0e7a3724f6","vip":1,"crmLevel":5,"crmLevelSwitch":0},"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/9023516187","repostId":1135356620,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9023518432,"gmtCreate":1652929348427,"gmtModify":1676535191478,"author":{"id":"3573025586175142","authorId":"3573025586175142","name":"FlorCheah","avatar":"https://static.tigerbbs.com/8cb91e5f44e414335718e1beffda39e8","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"TSLA","listText":"TSLA","text":"TSLA","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023518432","repostId":1135356620,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9023533250,"gmtCreate":1652927778570,"gmtModify":1676535191220,"author":{"id":"3586393315819735","authorId":"3586393315819735","name":"Vincent1968","avatar":"https://community-static.tradeup.com/news/7f106edb1e06baf3c68462c050422f46","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Follow&nbsp;","listText":"Follow&nbsp;","text":"Follow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023533250","repostId":1135356620,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9023597352,"gmtCreate":1652927570776,"gmtModify":1676535191061,"author":{"id":"3575091428590185","authorId":"3575091428590185","name":"HENRYCSC","avatar":"https://static.tigerbbs.com/6d47a6dec25b21dc547a5b982674c499","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"[Sly]&nbsp;","listText":"[Sly]&nbsp;","text":"[Sly]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023597352","repostId":1135356620,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9023598334,"gmtCreate":1652927088528,"gmtModify":1676535190952,"author":{"id":"4099263395755910","authorId":"4099263395755910","name":"AhBart","avatar":"https://static.itradeup.com/news/5c8a0140b30f2d6c3be37b2ad1a1efe8","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Guess Mr Elon should attend a humility course or workshop. He can be a much&nbsp;better man than he is right now 🤓🤓","listText":"Guess Mr Elon should attend a humility course or workshop. He can be a much&nbsp;better man than he is right now 🤓🤓","text":"Guess Mr Elon should attend a humility course or workshop. He can be a much better man than he is right now 🤓🤓","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023598334","repostId":1135356620,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9023507136,"gmtCreate":1652926377825,"gmtModify":1676535190852,"author":{"id":"4102815868703010","authorId":"4102815868703010","name":"mster","avatar":"https://community-static.tradeup.com/news/81a8fe18bd419696551df5320d8db477","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"I think Elon is really getting out of hand. Smart or not,&nbsp;He has let success gotten to his head. Keyman risk is getting higher by the day....&nbsp;","listText":"I think Elon is really getting out of hand. Smart or not,&nbsp;He has let success gotten to his head. Keyman risk is getting higher by the day....&nbsp;","text":"I think Elon is really getting out of hand. Smart or not, He has let success gotten to his head. Keyman risk is getting higher by the day....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023507136","repostId":1135356620,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9023504652,"gmtCreate":1652926327276,"gmtModify":1676535190829,"author":{"id":"3582655395149820","authorId":"3582655395149820","name":"Bob87","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"What's the difference between snp 500 index and snp500 esg index? Are they 2 different things?&nbsp;","listText":"What's the difference between snp 500 index and snp500 esg index? Are they 2 different things?&nbsp;","text":"What's the difference between snp 500 index and snp500 esg index? Are they 2 different things?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023504652","repostId":1135356620,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9023506292,"gmtCreate":1652926045816,"gmtModify":1676535190781,"author":{"id":"4104787151185040","authorId":"4104787151185040","name":"surfer guy","avatar":"https://static.itradeup.com/news/eea43cb801a5d1c6b14b71021b904caa","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Sounds like sour grapes 🍇 to me, but what do I know&nbsp;[Helpless]&nbsp; [Duh]&nbsp;&nbsp;","listText":"Sounds like sour grapes 🍇 to me, but what do I know&nbsp;[Helpless]&nbsp; [Duh]&nbsp;&nbsp;","text":"Sounds like sour grapes 🍇 to me, but what do I know [Helpless] [Duh]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023506292","repostId":1135356620,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9023503313,"gmtCreate":1652925703932,"gmtModify":1676535190695,"author":{"id":"3583479467050598","authorId":"3583479467050598","name":"tomyummy","avatar":"https://static.tigerbbs.com/39f3434b9393205e166c2f8facd9ca89","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":4,"crmLevelSwitch":1},"htmlText":"This quite the joke ...","listText":"This quite the joke ...","text":"This quite the joke ...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023503313","repostId":1135356620,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9023509975,"gmtCreate":1652925634197,"gmtModify":1676535190689,"author":{"id":"4093854476996450","authorId":"4093854476996450","name":"Remotecam","avatar":"https://community-static.tradeup.com/news/0668b3779e1a7691fc66252c07b458d0","vip":1,"crmLevel":6,"crmLevelSwitch":1},"htmlText":"It's poor timing for ESG to do this now when&nbsp;<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>is obviously struggling in multiple fronts.&nbsp;&nbsp;If they have empathy to keep&nbsp;<a href=\"https://ttm.financial/S/XOM\">$Exxon Mobil(XOM)$</a>, <a href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$</a>, etc&nbsp;on the list, why not Tesla?&nbsp;&nbsp;Something else going on here other than environmental protection.","listText":"It's poor timing for ESG to do this now when&nbsp;<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>is obviously struggling in multiple fronts.&nbsp;&nbsp;If they have empathy to keep&nbsp;<a href=\"https://ttm.financial/S/XOM\">$Exxon Mobil(XOM)$</a>, <a href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$</a>, etc&nbsp;on the list, why not Tesla?&nbsp;&nbsp;Something else going on here other than environmental protection.","text":"It's poor timing for ESG to do this now when $Tesla Motors(TSLA)$is obviously struggling in multiple fronts. If they have empathy to keep $Exxon Mobil(XOM)$, $Amazon.com(AMZN)$, etc on the list, why not Tesla? Something else going on here other than environmental protection.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023509975","repostId":1135356620,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9023500701,"gmtCreate":1652925612003,"gmtModify":1676535190657,"author":{"id":"3579748122898921","authorId":"3579748122898921","name":"azure","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":6,"crmLevelSwitch":0},"htmlText":"[LOL]&nbsp;","listText":"[LOL]&nbsp;","text":"[LOL]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023500701","repostId":1135356620,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9023500372,"gmtCreate":1652925511696,"gmtModify":1676535190648,"author":{"id":"3550998686387787","authorId":"3550998686387787","name":"Soyabean89","avatar":"https://community-static.tradeup.com/news/eb77581e98e9ecdbe378a1373a31b0e9","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Maybe his scoring of the SG aspect failed miserably?&nbsp;Consider the fact he cause panic and stock (twitter)&nbsp;&amp;&nbsp;crypto rally n route&nbsp;Anyway when will SEC poke his ass? Sick of this manipulator going scott free","listText":"Maybe his scoring of the SG aspect failed miserably?&nbsp;Consider the fact he cause panic and stock (twitter)&nbsp;&amp;&nbsp;crypto rally n route&nbsp;Anyway when will SEC poke his ass? Sick of this manipulator going scott free","text":"Maybe his scoring of the SG aspect failed miserably? Consider the fact he cause panic and stock (twitter) & crypto rally n route Anyway when will SEC poke his ass? Sick of this manipulator going scott free","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023500372","repostId":1135356620,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9023274386,"gmtCreate":1652925346645,"gmtModify":1676535190601,"author":{"id":"3580090055250591","authorId":"3580090055250591","name":"jannn","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"[smile]&nbsp;","listText":"[smile]&nbsp;","text":"[smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023274386","repostId":1135356620,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":149,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}