Tesla Is Being Booted From The ESG Index

Tesla Is Being Booted From The ESG Index

Despite being an electric vehicle manufacturer, Tesla is no longer deemed a socially responsible company. And that's why it was kicked out of the widely followed S&P 500 ESG Index (. SPXESUP), which focuses on companies that prioritize environmental, social and governance (ESG) issues. Download Q. ai for iOS today for more great Q. ai content and access to over a dozen AI-powered investment strategies. Start with just $100. No fees or commissions. The news comes after claims of "rampant racism" and fatal car crashes linked to Tesla's autopilot technology. The Department of Fair Employment and Housing reported finding evidence that the Fremont factory "is a racially segregated workplace where black workers are subjected to racial slurs and discrimination in work assignments, discipline, pay and promotion." Meanwhile, January saw the first person charged with a felony for a fatal crash involving an automated driving system. And there have been more reported fatalities involving Teslas since. The most recent crash earlier this month, involving a 2022 model Tesla Model S that claimed three lives, is one of 35 under investigation by the U. S. National Highway Traffic Safety Administration (NHTSA) since 2016. Margaret Dorn, the executive in charge of ESG ratings