04/20/2024

Tesla is REMOVED from S&P 500 ESG Index after it was hit with claims of racial discrimination in factories and its handling of investigations into Autopilot crashes

  • The electric carmaker was removed from an index measuring ‘sustainability’
  • Dow Jones cited multiple issues that lowered its score, including concerns about its lack of low carbon strategy and codes of business conduct
  • It also cited allegations of racial discrimination and deaths involving Autopilot
  • The self-driving technology has been linked to at least 11 deaths since 2016
  • Last year, a jury gave an ex-Tesla contractor $137M for alleged racial harassment
  • Tesla remains on the regular S&P 500 measuring market capitalizationÂ