Posted on 05/18/2022 9:25:22 AM PDT by Rebelbase
BOSTON (Reuters) - S&P Dow Jones Indices has removed electric carmaker Tesla Inc from its widely-followed S&P 500 ESG Index, citing issues including racial discrimination claims against the company and its handling of a government investigation after crashes linked to its autopilot vehicles.
The changes, effective May 2, were described in May 17 blog post sent by a spokesman for the index provider on Wednesday.
See #14.
Didn’t Nancy buy a pile of stock ? Oh wait she knew about this a sold it ?
You beat me to it. There was a sighting of Ma in Xinjiang way out in the northwest of China.
Since Elon is also Canadian maybe Trudeau will banish him to Ellesmere Island for wrongthink.
It’s the Environmental, Social and Governance Index.
No sane company even wants to be considered for it.
Musk will NEVER QUIT, he is in fact the only person on the planet besides Trump of course, that doesn’t give a damn about incoming!! Musk sees these people as the utter fools that they are!! These ELITES have never built OR accomplished ANYTHING in their lives their total being has been living off the government, Musk looks right down his nose at them they are complete and total IDIOTS!! Musk has the BEST legal minds on the planet on his payroll, he LOVES trolling them!!
That may be one of the most amazing engineering achievements of my life time.
Totally impressive.
Piglosi’s husband bought $2.2 million in Tesla stock back in May. Have not heard anything about it being sold.
This is egregious. Every company on the index has or has had similar complaints at one time or another.
That said Tesla is way overvalued, looking at fundamentals only. Its premium over fundamentals rests on peoples expectations of what comes next from Musk, and on expected increase in market share.
The hatred of Musk on the part of the American nomenklatura is turning extreme. There will likely be more regulatory attempts to prevent or reduce its growth in market share, or stop it from selling vehicles entirely.
Meanwhile the bloated Boeing can hardly get one off the ground. Musk is landing them on platforms bobbling around on the ocean too.
Thanks for the insight. The only reason for this move that I can figure is for people to dump Tesla including pensions and hedge funds. Most likely the damage will be short lived.
Right, and the very next day this
It is truly amazing isn’t it?
Total leftist bs.
So the S&P Dow Jones Indices are now woke. WOW!
sooooo
what are conservatives going to do about it besides the usual handwringing and whining?
THAT!
LOL. You know the financial services industry is facing a disaster when they come up with this idiocy. Any "index" that is based on subjective crap is a joke.
We do not control the agencies responsible for oversight, so apart from changing Congress, there’s not much that can be done at the moment. Maybe the Reddit guys can organize a short sale on some index funds in retaliation.
That there is an ESG 500 is in itself scary.
I saw the attack ads on TV yesterday.
Musk is being attacked because of Twitter...nothing else.
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