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Tesla CEO Elon Musk’s issues are removed from over. After his deal to takeover Twitter appears to have gone ‘on maintain’, S&P Dow Jones Indices has omitted the electrical carmaker, Tesla Inc, from its S&P 500 ESG Index, media stories stated. The motion appears to have been taken over a number of points, comparable to crashes linked to autopilot autos, racial discrimination claims, and so on. Because the S&P 500 ESG Index is widely-followed, the transfer has prompted harsh replies within the type of tweets from billionaire Elon Musk on Wednesday.
Additionally Learn: Elon Musk didn’t ask something about enterprise whereas signing, says Twitter over ‘on maintain’ deal
In a tweet, Tesla CEO Elon Musk stated, “Exxon is rated high ten greatest in world for atmosphere, social & governance (ESG) by S&P 500, whereas Tesla didn’t make the record! ESG is a rip-off. It has been weaponised by phony social justice warriors.”
Exxon is rated high ten greatest in world for atmosphere, social & governance (ESG) by S&P 500, whereas Tesla didn’t make the record!
ESG is a rip-off. It has been weaponized by phony social justice warriors.
— Elon Musk (@elonmusk) May 18, 2022
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Watch: Will Elon Musk stroll away from the Twitter deal?
Whereas hailing the transfer, Margaret Dorn, who’s head of Environmental, Social, and Governance (ESG) Indices for North America at S&P Dow Jones Indices (S&P DJI), stated in an interview with a media outlet that the modifications had been made as Tesla has additionally not revealed particulars regarding its low carbon technique or enterprise conduct codes.
“You’ll be able to’t simply take an organization’s mission assertion at face worth, you must have a look at their practices throughout all the important thing dimensions,” Dorn stated.
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