Bitcoin trades in $29K 'no man's land' as Tesla ESG fallout routs stocks

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

Bitcoin could still be in line to hit $34,000 despite stocks-induced downside.

The pair had

with United States equities, with the S&P 500 particularly in focus as it set its largest intraday decline since June 2020. Drama over Tesla, which was removed from the index amid ongoing controversy, fuelled the poor performance. The firm's CEO, Elon Musk, publicly rebuked those behind the decision, which appeared tied to adherence to so-called Environmental, Social and Governance criteria..Tesla is also invested in Bitcoin, the most powerful “S” holding one can have, something that boosts financial powers for tens of millions of people worldwide under authoritarian regimes and emerging markets

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

So Tesla esg fallout has affected stocks, didnt know that one stock could affect them all.

👀

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chicken wings for $34? Pent-up inflation driving food costs higherConsumers have actually been shielded so far from the full brunt of soaring expenses that are facing producers, distributors and small businesses like restaurants. But they can only hold back for s… Watched a local burger go from $14 to $19 within a month then to $22 the next week.
Source: ladailynews - 🏆 332. / 59 Read more »

Bitcoin ETFs: A beginner's guide to exchange-traded fundsOver the last few months, the crypto news cycle has heavily featured Bitcoin ETFs. But what is an ETF? Think of the characteristics and potential benefits of mutual funds, stocks and bonds combined. maybe I should Google it
Source: Cointelegraph - 🏆 562. / 51 Read more »

Cathie Wood has a simple response to Tesla getting booted out of an S&P 500 ESG index: ‘Ridiculous’Ark Investment founder Cathie Wood isn’t pleased about EV-maker Tesla Inc. being excluded from the S&P 500 ESG Index. Yeah, because she'll lose money 😂😂 Cathy Wood and her 'investment' approach is ridiculous.
Source: MarketWatch - 🏆 3. / 97 Read more »

Tesla removed from S&P 500's ESG index; Musk respondsFactors that contributed to Tesla's lower score include its lack of 'low carbon energy and codes of business conduct.' In other words....not supporting the 'official narrative'...a political hit job. Not that this 'ESG Index' means a whole lot...bunch of virtue signalling, nothing more.
Source: FoxNews - 🏆 9. / 87 Read more »

Elon Musk Goes On The Attack After Tesla Cut From S&P ESG IndexThe world’s leading maker of electric vehicles has been cut from S&P’s index for environmentally conscious investors due to flaws in its business conduct and, ironically, low-carbon strategy. alanohnsman Exxon is in, but Telsa out? Kind of reminds me when Saudi Arabia was included in the UN's Human Rights Commission. alanohnsman What happens in a 2nd fed tightening folks....auto industry gets sold off...and Tesla is not in energy sector, tech sector, it´s in consumer cyclical. It´s not really any science or art, to know it was far too risky, exploding on stimulus while people locked at home on youtube
Source: ForbesTech - 🏆 318. / 59 Read more »

Tesla dumped by S&P ESG index and Musk cries label is a ‘scam’“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,” said Margaret Dorn, senior director and head of ESG indices, North America, at S&P Dow Jones Indices. Funny how stories like this pop up once these guys don't follow your thinking. Common theme in the wild. When rich white guys get exposed they blame others for their problems.
Source: MarketWatch - 🏆 3. / 97 Read more »