12:42:15 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Tesla Inc CDRs (CAD Hedged)
Symbol TSLA
Shares Issued 20,850,000
Close 2024-04-03 C$ 15.50
Market Cap C$ 323,175,000
Recent Sedar Documents

FP/wire say Tesla's ESG ranking hurt by far-right Musk

2024-04-04 09:32 ET - In the News

The Financial Post reports in its Thursday edition that two years ago, Tesla was removed from the S&P 500 ESG Index mainly because of concerns about workplace-related issues. A Bloomberg dispatch to the Post says that Tesla was put back into the index last year after it provided additional disclosures about its hiring practices, climate risks and supply-chain strategy. The electric-vehicle maker should be a shoo-in for inclusion in an index devoted to environment, social and governance. Now there are questions about chief executive officer Elon Musk and his sometimes erratic behaviour. Mr. Musk, who has turned politically to the far right in recent years, said he does not care about ESG, and even called it a "scam." In a post filed in 2022 after Tesla was ejected from the S&P index, Musk said ESG "has been weaponized by phoney social-justice warriors." Analysts at Bloomberg Intelligence issued a report last week saying Tesla's ESG standing "remains among the most debated for any stock." The analysts reviewed the 15 largest ESG-focused funds based in the United States and found that nine of them hold the company's stock. That simple math means six managers of the biggest ESG funds are avoiding Tesla.

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