Tesla CEO Elon Musk called ESG “an outrageous scam” after the electric vehicle maker lost its spot on an S&P Global index that tracks companies on their environmental, social and governance standards.
Exxon is rated top ten best in world for environment, social & governance (ESG) by S&P 500, while Tesla didn’t make the list!
— Elon Musk (@elonmusk) May 18, 2022
ESG is a scam. It has been weaponized by phony social justice warriors.
Expressing his displeasure in a series of tweets, Musk said the index compiler had “lost their integrity” and said “political attacks” on him would “escalate dramatically in coming months.”
Despite Tesla doing more for the environment than any company ever! pic.twitter.com/ImxrhnRepj
— Elon Musk (@elonmusk) May 18, 2022
S&P Dow Jones Indices cited concerns related to working conditions at Tesla among its reasons for removing the automaker from its S&P 500 ESG Index.
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