Column: The GOP is now complaining about environmentally responsible investing [Los Angeles Times (CA)]
Tesla, Inc. (TSLA)
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Source: Los Angeles Times
In May, Elon Musk went on the warpath against the investment model known by the initials ESG, short for “environmental, social and governance” principles. “ESG is a scam,” Musk, the chief executive of electric-car maker Tesla, groused in a tweet. “It has been weaponized by phony social justice warriors.” Musk was irked that Tesla had been dropped from a Standard & Poor’s ESG index while oil company Exxon Mobil remained. But his complaint tied in neatly with a campaign being waged by political conservatives against ESG, or, as they sometimes describe it, “woke capitalism.” Climate risk is investment risk. — BlackRock CEO Larry Fink, 2020 Red states have been implementing policies aimed at taking business away from investment managers whose strategies ostensibly promote environmental goals or social activism — say by shunning investments in fossil fuel or firearms companies or in companies with questionable social practices. Former Vice President Mike Pence placed the battle against ES
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- Reddit's first quarterly report follows Elon Musk's lead: Morning Brief [Yahoo! Finance]Yahoo! Finance
- Tesla's China-made EV sales fall 18% y/y in April [Reuters]Reuters
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