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The selective stock index Standard and Poors, which groups the 500 most traded companies, has excluded the electric vehicle company Tesla, an automaker led by Elon Musk, from its list of corporations that meet environmental, social, and governance criteria, the ESG index, after Musk spoke out against Democrats and in favor of free speech.
The head of ESG indexes at S&P Dow Jones, Margaret Dorn, apologized, saying that Tesla’s removal was due to two complaints of racial discrimination and poor working conditions at Tesla’s Fremont (California) factory.
Faced with the news the world’s richest man showed his discontent on Twitter, a social network that he is about to buy for $44 billion, although this purchase now seems to be on hold after a series of contradictory statements by Musk.
“[Oil company] Exxon is rated top ten best in world for environment, social & governance (ESG) by S&P 500, while Tesla didn’t make the list! ESG is a scam. It has been weaponized by phony social justice warriors,” Musk tweeted.
This is not the first time Tesla’s CEO has criticized ESG. In April, Musk wrote on Twitter that this index was the devil itself.