The Briefing Room

General Category => Economy/Business => Topic started by: catfish1957 on May 19, 2022, 02:34:56 pm

Title: Tesla getting booted out of the S&P 500 ESG index
Post by: catfish1957 on May 19, 2022, 02:34:56 pm
(http://neo-drive.com/modules/images/files/images1600_/2014-tesla-model-s-2686.jpg)

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

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(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.
Title: Re: Tesla getting booted out of the S&P 500 ESG index
Post by: Smokin Joe on May 20, 2022, 06:45:39 am
Start talking free speech and your 'social score' goes down... :pondering:
Title: Re: Tesla getting booted out of the S&P 500 ESG index
Post by: Kamaji on May 20, 2022, 11:15:23 am
ESG is nothing but a bunch of virtue-signaling.
Title: Re: Tesla getting booted out of the S&P 500 ESG index
Post by: catfish1957 on May 20, 2022, 12:03:16 pm
Quote from: Kamaji on May 20, 2022, 11:15:23 am
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.
Title: Re: Tesla getting booted out of the S&P 500 ESG index
Post by: Kamaji on May 20, 2022, 12:06:33 pm
Quote from: catfish1957 on May 20, 2022, 12:03:16 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: