Tesla shares fall after it pulls out of the S index

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Tesla’s percentage value fell more than 6%, falling to around $715, around noon on May 18 after the announcement that the electric vehicle maker had lost its position in the S index.

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Tesla has joined the S

The S index

The S index

However, when rebalancing took hold this year, Tesla landed even lower in the rankings “relative to its global peers,” said Maggie Dorn, senior director and head of ESG indices, North America, S.

She said the world’s largest automaker showed “a drop of several scores on criteria similar to Tesla’s low-carbon strategy and corporate codes of conduct. “

Investing. com noted that other factors, in addition to allegations of racial discrimination and underoperation at Tesla’s Fremont, California, plant, also contributed to the low score. In addition, the spokesperson of S

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Hearing the news on the afternoon of May 18, Tesla CEO Elon Musk noted that oil and fuel multinational ExxonMobil, one of the 10 most sensible ESG corporations in the S.

Investment expert Gary Black, co-founder of the Future Fund Active (FFND) ETF, told Barron’s that Tesla would gain advantages from an active public relations department. “Teslas are the safest cars in the world, but ev consumers don’t know it. the black man said.

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