Tesla Loses Spot on S&P ESG Index Due to Concerns Over Crashes, Working Conditions

S&P Dow Jones says EV maker slipped down ranks versus peers
ESG score ‘fairly stable’ but stakeholder analysis flags risks

WATCH: While Musk criticized the ESG metrics, Twitter’s board says it is still committed to the Tesla CEO’s original takeover deal despite his bot concerns.Source: Bloomberg

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By Elaine Chen and Esha Dey

May 18, 2022 at 2:35 PM UTC

Updated on

May 18, 2022 at 7:24 PM UTC

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The world’s most famous electric-vehicle maker has lost its spot on the ESG version of the S&P 500 Index.

S&P Dow Jones Indices says that Tesla Inc.’s score on environmental, social and governance standards has remained “fairly stable” over the past year, but that it has slipped down the ranks against improving global peers.