Tesla booted from S&P ESG index

Musk says ESG is a ‘scam’

Kathleen Gallagher
clock • 1 min read
Tesla was not included because its ESG score was in the bottom 25% of its peer group
Image:

Tesla was not included because its ESG score was in the bottom 25% of its peer group

Elon Musk’s Tesla has been removed from the ESG version of the S&P 500 index, leading the founder and entrepreneur to state “ESG is a scam”.

In a 17 May blog post on the S&P website posted by Margaret Dorn, head of ESG indices for North America, the company explained the index has undergone its fourth rebalance. She stated Tesla was ...

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