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.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100