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Elon Musk Calls ESG A Scam, Claims Tesla is Better for the Environment than Any Other Company

Elon Musk Calls ESG A Scam, Claims Tesla is Better for the Environment than Any Other Company

Elon Musk's SEC Twitter Police Agreement Will Remain After Petition of Billionaire's Lawyers Got Rejected

Elon Musk is back on Twitter ranting about the ESG (environment, social and governance) which was a major issue for Tesla’s low ratings. Tesla scored lower than other companies, especially those that produce large amounts of oil, which is a significant score for investors worldwide.

Elon Musk's SEC Twitter Police Agreement Will Remain After Petition of Billionaire's Lawyers Got Rejected

(Photo by Win McNamee/Getty Images

Elon Musk calls the ESG a scam for its Tesla Assessment

Tesla CEO, Elon Musk, took to Twitter today to get furious. Twitter is a platform where people can vent their anger and express their feelings. The tech billionaire tweeted that the ESG is a “scam” and that it is a tool that is “weaponized” by the governing body that is behind it and does the assessments for the world.

Here, Musk mentioned that Exxon, a global oil company, rated in the top ten best companies for the ESG by S&P 500, and he said that Tesla did not make the list for this ranking.

Tesla is still a company that has been focused on huge clean energy ventures, such as electric cars, battery production, home integration of modern Solar roofing, and the Powerwall.

Musk said that the ESG is made up of “phony social just warriors”.

Also read: Tesla Offers Model Y With 4680 Cells to Customers in Giga Texas All Wheel Drive Replacement

 

Other Companies Get High Despite Environment Issues

But, the CEO is not done. Musk Another photo tweeted in a meme template that asks the ESG what it is, and in that meme, the answer is that it determines the compliance of one’s business, and it is towards a “leftist agenda.” In the tweet, he said that Tesla did “more for the environment” than other companies that provide their services to the public.

Elon Musk, Tesla and the ESG

Elon Musk had already made this statement in March of this year. Some information about the ESG and its poor rating that they give to Tesla, despite one of the pillars of its ratings and assessment being for the environment. Tesla is a first-and-foremost electric vehicle manufacturer. It focuses on clean energy campaigns that are available to the entire world.

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Tesla is the most popular choice for electric cars and clean energy in the current landscape. It is the. Uber selects a fleet of electric vehicles for its move to transition its ride-hailing features to clean energy.

Uber is not the only company to use Tesla for its ride hailing features that are geared towards clean energy.

It is expected that the ESG will be highly regarded for all the good work Tesla did for our environment, from solar-powered homes to clean energy cars, to denouncing Bitcoin for its coal use. But that is not the case and the Tesla CEO is angry at the ESG governing body for its assessment of the world.

Related Article: Elon Musk calls against false ESG assessments for Tesla-Clean Energy’s poor ratings

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Written by Isaiah Richard

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