Comment by SlinkyOnStairs

1 hour ago

> How is Tesla destroying the planet? In my mind, Tesla is one of the most important companies in transition to clean energy. Yet it got dropped from the S&P ESG index.

ESG is more than just the environment. In Tesla's case, Elon Musk's governance is a serious risk to the corporation.

> ESG is just another phony way for someone to manipulate stock prices, because it's decided by some committee with arbitrary and opaque ways.

Right now as we speak, a bunch of "arbitrary opaque committees" are deciding to rush SpaceX, Anthropic, and OpenAI into the major stock indexes.

Even completely passive investment leaves one at the whims of said committees.