Elon Musk Calls out Major Money Funds for 'Inflicting' ESG on American Investors

Elon Musk accuses major investment firms of imposing ESG policies on American investors without their consent. Texas is banning these policies. Asset managers like BlackRock and Vanguard are integrating ESG factors into their strategies, but Musk fears this may lead to a class-action lawsuit.

ESG Policies and American Investors

The imposition of ESG policies on American investors has sparked controversy, with Elon Musk at the forefront of the opposition. He has criticized major investment firms for implementing these policies without obtaining consent from the investors.

The state of Texas has taken a stand against ESG policies by banning them. This move adds another layer of complexity to the ongoing debate surrounding the integration of ESG factors into investment strategies.