{"id":450036,"date":"2022-05-19T19:28:46","date_gmt":"2022-05-19T16:28:46","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cathie-wood-slams-teslas-removal-from-sp-500-esg-index\/"},"modified":"2022-05-19T19:28:46","modified_gmt":"2022-05-19T16:28:46","slug":"cathie-wood-slams-teslas-removal-from-sp-500-esg-index","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cathie-wood-slams-teslas-removal-from-sp-500-esg-index\/","title":{"rendered":"#Cathie Wood slams Tesla&#8217;s removal from S&#038;P 500 ESG index"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40dbedc9656\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40dbedc9656\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/cathie-wood-slams-teslas-removal-from-sp-500-esg-index\/#%E2%80%9CCathie_Wood_slams_Teslas_removal_from_S_P_500_ESG_index%E2%80%9D\" >&#8220;Cathie Wood slams Tesla&#8217;s removal from S&#038;P 500 ESG index&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CCathie_Wood_slams_Teslas_removal_from_S_P_500_ESG_index%E2%80%9D\"><\/span>&#8220;Cathie Wood slams Tesla&#8217;s removal from S&#038;P 500 ESG index&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Ark Invest founder and noted Tesla bull Cathie Wood has joined company boss Elon Musk in slamming the S&amp;P 500\u2019s decision to remove the electric car maker from its stock index tracking the most sustainable and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a>ly conscious companies.\u00a0<\/p>\n<p>Tesla was removed from the S&amp;P 500 ESG index \u2013 shorthand for \u201cenvironmental, social and governance\u201d \u2013 despite a business model centered on the development of eco-friendly technologies such as electric vehicles.<\/p>\n<p>\u201cRidiculous. Not worthy of any other response,\u201d Wood tweeted Wednesday in response to an article detailing the change.<\/p>\n<p>Tesla is a key holding for Ark, which surged in prominence during a run-up in high-growth tech stocks in recent years. However, the ARK Innovation ETF has struggled as tech stocks come under pressure during a market downturn \u2013 plunging more than 50% in 2022 so far this year.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"\/>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/cathie-wood-slams-teslas-removal-from-esg-index-02.jpg?w=1024\" alt=\"Cathie Wood\" class=\"wp-image-22332140\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/cathie-wood-slams-teslas-removal-from-esg-index-02.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/cathie-wood-slams-teslas-removal-from-esg-index-02.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/cathie-wood-slams-teslas-removal-from-esg-index-02.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Cathie Wood\u2019s Ark Invest is a heavy Tesla supporter.<\/figcaption><figcaption><span class=\"credit\">REUTERS<\/span><\/figcaption><\/figure>\n<p>Tesla was the largest company to be excluded from the S&amp;P 500 ESG index based on its weight of its shares relative to the index\u2019s overall value. Tesla comprises about 2% of the broad-based index.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.indexologyblog.com\/2022\/05\/17\/the-rebalancing-act-of-the-sp-500-esg-index\/\">In a blog post<\/a>, an S&amp;P 500 executive noted that Tesla fell off the list due to issues with elements of its business, including lack of a low-carbon strategy and concerns about its internal practices.<\/p>\n<p>Margaret Dorn, the senior director and head of ESG indices, North America, at S&amp;P Dow Jones Indices, pointed to ongoing allegations of racial discrimination at Tesla\u2019s California factory and a federal investigation into crashes linked to the company\u2019s Autopilot <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"683\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/cathie-wood-slams-teslas-removal-from-esg-index-06.jpg?w=1024\" alt=\"Tesla CEO Elon Musk\" class=\"wp-image-22332141\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/cathie-wood-slams-teslas-removal-from-esg-index-06.jpg?quality=75&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/cathie-wood-slams-teslas-removal-from-esg-index-06.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/cathie-wood-slams-teslas-removal-from-esg-index-06.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Tesla CEO Elon Musk also lashed out at the S&amp;P 500 over the decision.<\/figcaption><figcaption><span class=\"credit\">REUTERS<\/span><\/figcaption><\/figure>\n<p>\u201cBoth of these events had a negative impact on the company\u2019s S&amp;P DJI ESG Score at the criteria level, and subsequently its overall score,\u201d Dorn said. \u201cWhile Tesla may be playing its part in taking fuel-powered cars off the road, it has fallen behind its peers when examined through a wider ESG lens.\u201d<\/p>\n<p>The decision drew a scathing response from Musk, who blamed Tesla\u2019s exclusion on what he described as \u201cphony social justice warriors\u201d and said the S&amp;P had \u201clost its integrity.\u201d<\/p>\n<p>\u201cExxon is rated top ten best in world for environment, social &amp; governance (ESG) by S&amp;P 500, while Tesla didn\u2019t make the list! ESG is a scam,\u201d Musk said.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/cathie-wood-slams-teslas-removal-from-esg-index-01.jpg?w=1024\" alt=\"Cathie Wood\" class=\"wp-image-22332139\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/cathie-wood-slams-teslas-removal-from-esg-index-01.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/cathie-wood-slams-teslas-removal-from-esg-index-01.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/cathie-wood-slams-teslas-removal-from-esg-index-01.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Cathie Wood ripped Tesla\u2019s removal from a key index.<\/figcaption><figcaption><span class=\"credit\">AFP via Getty Images<\/span><\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/cathie-wood-slams-teslas-removal-from-esg-index-09.jpg?w=1024\" alt=\"Tesla vehicles\" class=\"wp-image-22332143\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/cathie-wood-slams-teslas-removal-from-esg-index-09.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/cathie-wood-slams-teslas-removal-from-esg-index-09.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/cathie-wood-slams-teslas-removal-from-esg-index-09.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Tesla shares are down nearly 40% this year.<\/figcaption><figcaption><span class=\"credit\">REUTERS<\/span><\/figcaption><\/figure>\n<p>Later, Musk lashed out at the Democrat Party, revealing he had switched his allegiance to the GOP. He also warned that he expects a \u201cdirty tricks campaign\u201d from left-leaning figures in the days ahead.<\/p>\n<p>Tesla\u2019s removal from the index was the latest blow for the firm. Shares are down nearly 40% so far this year during the broader downturn in the tech sector.<\/p>\n<p>Wood frequently comments on major storylines in which Musk is involved. Last month, the prominent tech investor revealed that Ark has been steadily trimming its stake in Twitter while noting the company was in for \u201ca lot of management distraction\u201d related to Musk\u2019s takeover bid.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"513\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/cathie-wood-slams-teslas-removal-from-esg-index-10.jpg?w=1024\" alt=\"Elon Musk tweet\" class=\"wp-image-22332146\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/cathie-wood-slams-teslas-removal-from-esg-index-10.jpg?quality=75&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/cathie-wood-slams-teslas-removal-from-esg-index-10.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/cathie-wood-slams-teslas-removal-from-esg-index-10.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Elon Musk said \u201cphony social justice warriors\u201d were responsible for the move.<\/figcaption><\/figure>\n<p>Musk\u2019s Twitter buyout deal is currently on hold while he seeks clarity on the number of bots within the social media site\u2019s overall user base.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/05\/19\/cathie-wood-slams-teslas-removal-from-sp-500-esg-index\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Cathie Wood slams Tesla&#8217;s removal from S&#038;P 500 ESG index&#8221; Ark Invest founder and noted Tesla bull Cathie Wood has joined company boss Elon Musk in slamming the S&amp;P 500\u2019s decision to remove the electric car maker from its stock index tracking the most sustainable and socially conscious companies.\u00a0 Tesla was removed from the S&amp;P&#8230;<\/p>\n","protected":false},"author":1,"featured_media":450037,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/cathie-wood-slams-teslas-removal-from-esg-index-01.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[129426,39394,70359,36402],"class_list":["post-450036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-5-19-22","tag-elon-musk","tag-stocks","tag-tesla"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/450036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=450036"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/450036\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/450037"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=450036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=450036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=450036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}