'It Needs To End:' Elon Musk Rages Again Against 'Corrupted Lie' Of ESG Scores After Tesla's Low Rating Puzzles Cathie Wood
Portfolio Pulse from Shanthi Rexaline
Elon Musk and Cathie Wood criticize S&P Global's ESG score for Tesla, which is significantly lower than that of Philip Morris. Musk calls ESG a 'corrupted lie,' while Wood finds the scoring 'ridiculous.' The iShares ESG Advanced MSCI USA ETF (USXF) saw a 2.01% increase.
June 06, 2024 | 11:07 am
News sentiment analysis
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NEGATIVE IMPACT
Tesla received a low ESG score of 40 from S&P Global, leading to criticism from Elon Musk and Cathie Wood. This could impact investor sentiment negatively in the short term.
The low ESG score and subsequent criticism from high-profile figures like Musk and Wood could lead to negative investor sentiment, potentially impacting Tesla's stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Philip Morris received a high ESG score of 85 from S&P Global, which has been criticized by Tesla's Elon Musk and Cathie Wood. This could lead to scrutiny but may not significantly impact the stock.
While the high ESG score for Philip Morris has been criticized, the immediate impact on the stock is likely neutral as the company continues to perform well in other areas.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The iShares ESG Advanced MSCI USA ETF (USXF) ended Wednesday's session up 2.01%. The ETF's performance may be influenced by the ongoing debate over ESG scores.
The ETF's recent performance is positive, and the ongoing debate over ESG scores could attract more attention to ESG-focused investments, potentially benefiting USXF in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60