Elon Musk Reiterates His Criticism For ESG Ratings; Calls It 'The Devil' This Time
Portfolio Pulse from Anan Ashraf
Tesla CEO Elon Musk criticized ESG ratings, calling them 'the devil' and a 'moral cloak to hide bad behavior.' He responded to a Twitter thread highlighting that tobacco companies have higher ESG ratings than Tesla. In May 2022, Tesla lost its spot on the S&P 500 ESG Index, which Musk called a 'scam' and a 'clear case of wacktivism.'
June 14, 2023 | 11:52 am
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Elon Musk's criticism of ESG ratings may draw attention to Tesla's lower ESG score and its removal from the S&P 500 ESG Index, potentially impacting investor sentiment.
Elon Musk's criticism of ESG ratings highlights Tesla's lower ESG score and its removal from the S&P 500 ESG Index. This may draw attention to the issue and impact investor sentiment, but it is unclear how this will affect Tesla's stock price in the short term.
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