Author Topic: Tesla getting booted out of the S&P 500 ESG index  (Read 422 times)

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Offline catfish1957

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Tesla getting booted out of the S&P 500 ESG index
« on: May 19, 2022, 02:34:56 pm »


https://finance.yahoo.com/m/35c7e939-e682-3b19-b5ab-fb65170af1f9/cathie-wood-has-a-simple.html

<snipit>


(Reuters) -An S&P Dow Jones Indices executive told Reuters on Wednesday it has removed electric carmaker Tesla Inc from the widely followed S&P 500 ESG Index because of issues including claims of racial discrimination and crashes linked to its autopilot vehicles, and Tesla CEO Elon Musk responded with harsh tweets including that "ESG is a scam".

In it changes, effective May 2, the sustainability index also added soon-to-be-Musk-controlled Twitter Inc and oil refiner Phillips 66 while dropping Delta Air Lines and Chevron Corp, according to an announcement.

The back-and-forth over the index changes reflects a wider debate about the metrics used to judge corporate performance on environmental, social and governance (ESG) issues, a growing area of investing.

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Glad to see that Musk is finally noticing that the envirowhacko-ism green scam is nothing but a politically driven ruse.  I despise the green   movement, but denying the pioneer of EV's an S&P spot is pure folly.   This is a purely politically driven decison, with the purpose to deny Telsa (Musk) ETF investment capital.
« Last Edit: May 20, 2022, 10:05:56 am by catfish1957 »
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Offline Smokin Joe

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Re: Tesla getting booted out of the S&P 500 ESG index
« Reply #1 on: May 20, 2022, 06:45:39 am »
Start talking free speech and your 'social score' goes down... :pondering:
How God must weep at humans' folly! Stand fast! God knows what he is doing!
Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis

Offline Kamaji

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Re: Tesla getting booted out of the S&P 500 ESG index
« Reply #2 on: May 20, 2022, 11:15:23 am »
ESG is nothing but a bunch of virtue-signaling.

Offline catfish1957

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Re: Tesla getting booted out of the S&P 500 ESG index
« Reply #3 on: May 20, 2022, 12:03:16 pm »
ESG is nothing but a bunch of virtue-signaling.

Exactly...

But the hilarity of the mass hyprocricy and irony of blackballing a half trillion dollar company that revolutionized EV's is priceless.
All over the political overtones from his Twitter endeavors.

Just more proof that how far and entrenched the socialist have infiltrated financial institutions.....even Standard and Poors.
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Offline Kamaji

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Re: Tesla getting booted out of the S&P 500 ESG index
« Reply #4 on: May 20, 2022, 12:06:33 pm »
Exactly...

But the hilarity of the mass hyprocricy and irony of blackballing a half trillion dollar company that revolutionized EV's is priceless.
All over the political overtones from his Twitter endeavors.

Just more proof that how far and entrenched the socialist have infiltrated financial institutions.....even Standard and Poors.


:thumbsup: