1 Green Growth Stock to Buy After Tesla's ESG-Index Exile
Last week, electric vehicle powerhouse Tesla (NASDAQ: TSLA) was in the headlines for all the wrong reasons. The S&P 500 ESG Index, which is composed of companies that have carbon-neutral and socially responsible strategies in place, conducted its annual rebalancing in May and booted Tesla out.
It was a blow for the company that prides itself on driving the green revolution, but according to S&P Global, it still falls short in other areas. Nonetheless, for investors looking for another green option, I'll share the second-largest stock holding in the aforementioned index, since it's trading at an attractive 24% discount to its all-time high right now.
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Source Fool.com
