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Tesla Loses S&P ESG Index Spot on Crashes, Work Conditions (2)

May 18, 2022, 7:24 PM

The world’s most famous electric-vehicle maker has lost its spot on the ESG version of the S&P 500 Index.

S&P Dow Jones Indices says that Tesla Inc.’s score on environmental, social and governance standards has remained “fairly stable” over the past year, but that it has slipped down the ranks against improving global peers.

The index provider also cited concerns related to working conditions and the firm’s handling of an investigation into deaths and injuries linked to its driver-assistance systems. A lack of low-carbon strategy and codes of business conduct also counted against Elon Musk’s company, it ...