Elon Musk has accused a rating agency of being “phony social justice warriors” after it removed Tesla from its ethical investing index.
The S&P rating agency booted the EV giant from its ESG index on Tuesday, citing racism accusations at one of the factories and Tesla’s software malfunctions as the main reasons.
The serial entrepreneur did not take the news well and took it to Twitter to express his disbelief.
“S&P has lost their integrity,” he tweeted. “Exxon is rated top ten best in the world for environment, social and governance (ESG) by S&P 500, while Tesla didn’t make the list!
“ESG is a scam. It has been weaponised by phony social justice warriors.”
Musk then reinforced the message by posting a meme which stated that ESG scores are determined by “how compliant your business is with the leftist agenda.”
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