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Tesla removed from S&P 500 ESG index on autopilot, discrimination concerns

05/18/2022

Less than a minute

2022.05.18 18:22

Tesla removed from S&P 500 ESG index on autopilot, discrimination concerns
FILE PHOTO: The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14, 2021. REUTERS/Matthew Childs/File Photo/File Photo

BOSTON (Reuters) – S&P Dow Jones Indices has removed electric carmaker Tesla (NASDAQ:TSLA) Inc from its widely-followed S&P 500 ESG Index, citing issues including racial discrimination claims against the company and its handling of a government investigation after crashes linked to its autopilot vehicles.

The changes, effective May 2, were described in May 17 blog post sent by a spokesman for the index provider on Wednesday.

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05/18/2022

Less than a minute