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Tesla Is Rejected by One Class of Investors Who Should Love It

  • Socially responsible funds unhappy about company governance
  • Investors to square off with Musk over board seats on Tuesday
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Why Tesla Is Burning Through So Much Cash
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If there’s any company that socially responsible investors should love, it would probably be Elon Musk’s Tesla, the clean-energy electric-car maker.

But turns out green credentials go only so far. Just 86 of about 1,200 do-gooder investment funds tracked by Bloomberg own Tesla shares. And of those, only seven count Musk’s company as a top-10 holding.