CO2: 420.23 ppmProduction problems in China and Elon Musk’s pursuit of Twitter are leading investors to wonder whether the electric car company is worth as much as they thought.
S&P cited racial discrimination claims in deciding to exclude the electric carmaker from a listing of socially responsible companies.
The S&P said that Tesla's "lack of a low-carbon strategy," and "codes of business conduct" affected the company's score.
The carmaker’s removal from the S&P 500 ESG Index places in stark relief the broader market’s conflation of the label with sustainability.