The label has become indistinguishable from a scam
When Standard and Poor’s (S&P) threw Tesla out of its ESG index, a list of companies dedicated to “excelling” in “environmental, social, and governance” issues, the charges were wide-ranging. Pointing to allegations of racial discrimination and poor working conditions in one of its factories, and how it handled deaths linked to its “full self-driving” system, Tesla was unofficially excommunicated from ESG investing. Unsurprisingly, Elon Musk quickly returned fire, calling ESG “a scam”.
