TECH - 'It Needs To End:' Elon Musk Rages Again Against 'Corrupted Lie' Of ESG Scores After Tesla's Low Rating Puzzles Cathie Wood | Benzinga
S&P Global’s most recent environmental, social, and governance (ESG) score for Tesla, Inc. (NASDAQ:TSLA) did not sit well with CEO Elon Musk and the EV company’s bullish analysts.
What Happened: The annual update, typically conducted in late May, gave Tesla an ESG score of 40. Cathie Wood-led Ark Investment Management‘s Chief Futurist, Brett Winton, shared a screenshot on social media platform X, comparing Tesla’s ESG score to that of tobacco giant Philip Morris International Inc. (NYSE:PM), which received an 85. S&P Global’s ESG scores range from 0 to 100, with higher scores indicating better ESG performance.
Winton also reshared a post highlighting that Forbes named Philip Morris the number one company in its 2024 “Net Zero Leaders” list – companies that aim to slow global warming by eliminating or offsetting their pollution.
In a critical response, Winton stated, “Makes sense. Killing your customers is a very cost-efficient ...