Despite its mission to "accelerate the world’s transition to sustainable energy," Tesla has been removed from the S&P 500's ESG index following its latest rebalancing.

The changes to the index took effect on May 2.

S&P Dow Jones Indices' senior director and head of ESG indices Margaret Dorn said in a blog post on Tuesday that Tesla was ineligible for inclusion in the index due to its low S&P DJI ESG score, which fell in the bottom 25% of its global industry group peers despite remaining "fairly stable" year over year.

"While 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," Dorn said.

Factors that contributed to Tesla's lower score include its lack of "low carbon energy and codes of business conduct."

An analysis that seeks to identify a company’s current and potential future exposure to risks stemming from its involvement in controversial incidents also found two separate events centered around claims of racial discrimination and poor working conditions at Tesla’s Fremont factory, as well as its handling of a National Highway Traffic Safety Administration investigation into 17 injuries and one death linked to crashes involving its vehicles' Autopilot feature

https://www.foxbusiness.com/markets/tesla-sp-500-esg

Dem want deal with Elon me?