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Fortune
Fortune
Christiaan Hetzner

Elon Musk blasts ESG after tobacco stocks beat Tesla

Tesla CEO Elon Musk has become a vocal critic of ESG investing. (Credit: Jordan Vonderhaar—Bloomberg/Getty Images)

When it comes to ethical investing, tobacco companies selling a lifestyle product proven to cause cancer are leaving Elon Musk’s Tesla behind in a cloud of smoke, and it has left the entrepreneur steaming.

Reportedly thanks to a clever embrace of diversity, equity, and inclusion policies—which Musk calls “woke”—it has earned a higher score when it comes to environmental, social, and governance (ESG) criteria in recent sustainability indexes.

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