How is Tesla destroying the planet? In my mind, Tesla is one of the most important companies in transition to clean energy. Yet it got dropped from the S&P ESG index.
ESG is just another phony way for someone to manipulate stock prices, because it's decided by some committee with arbitrary and opaque ways. And that's why no one takes it seriously any more.
> How is Tesla destroying the planet? In my mind, Tesla is one of the most important companies in transition to clean energy. Yet it got dropped from the S&P ESG index.
ESG is more than just the environment. In Tesla's case, Elon Musk's governance is a serious risk to the corporation.
> ESG is just another phony way for someone to manipulate stock prices, because it's decided by some committee with arbitrary and opaque ways.
Right now as we speak, a bunch of "arbitrary opaque committees" are deciding to rush SpaceX, Anthropic, and OpenAI into the major stock indexes.
Even completely passive investment leaves one at the whims of said committees.