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Benzinga
Benzinga
Environment
Rachit Vats

'Ridiculous,' 'Wacktivism:' Cathie Wood, Elon Musk React To Tesla's Removal From S&P 500 ESG Index

Elon Musk Cathie Wood Nasdaq Tesla Inc. Gordon Johnson

Popular money manager and Tesla Inc (NASDAQ:TSLA) bull Cathie Wood on Wednesday slammed the move to boot the EV maker from the S&P 500's ESG Index after its billionaire CEO Elon Musk called environment, social & governance (ESG) ratings a "scam."

What Happened: The world’s richest man wrote the move is “a clear case of wacktivism" after Tesla lost its spot on the ESG Index, as the EV maker's rank slipped against its global peers. 

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