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"ESG é uma fraude": Elon Musk perde 12 mil milhões em 24 horas

Elon Musk loses 12 billion in 24 hours

Elon Musk is the “king” of controversy, and in addition to everything that happened in the topic of “Twitter”, the billionaire is now embroiled in another situation. After denouncing Tesla’s exit from Standard & Poor’s (S&P) ESG on Twitter and announcing its “turn” to the Republican Party, Elon Musk lost $12 billion in just 24 hours.

Even Elon Musk said ESG is a scam.

Environmental, Social and Corporate Governance is an approach to assessing how well a company is working toward social goals that go beyond the company's role to maximize profits on behalf of the company's shareholders.

After removing Tesla, Elon Musk spared no criticism, even revealing his opinion publicly on Twitter.

According to Musk, "Exxon was ranked among the top ten ESG companies globally by the S&P 500, while Tesla didn't make the list! ESG is a scam. Created by pseudo-social justice warriors"

According to information from Jornal de Negócios, S&P Global Ratings justified the auto company's exit from this rating due to issues with human resources issues, including allegations of racial discrimination. The rating agency also reported alleged manipulation by Tesla into the US investigation into deaths and injuries caused by the brand's autopilot.

Musk was also on Twitter He announced his "conversion" to the Republican Party. "In the past I voted for Democrats, because they were (mostly) the party of kindness. However, they became the party of division and hate, so I would vote for Republicans."

In the face of everything that happens, Musk has lost $49 billion since launching a hostile Twitter IPO last month and $60.4 billion since the start of the year, the third biggest loss after Binance CEO Changpeng Zhao (about $81 billion) and Jeff Bezos ($62 million).

However, the founder of SpaceX remains the richest man in the world with a fortune estimated by Bloomberg at $209.09 billion.

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