exclusion from the S&P 500 index on Friday was a surprise to many given that the mega-cap electric vehicle manufacturer ticked off all the eligibility inclusion requirements.
But the decision of S&P Dow Jones Indices' index committee to exclude Tesla from the index despite it being eligible for inclusion was a "brave" decision, DataTrek co-founder Nicholas Colas said in a note on Wednesday. Tesla traded at a trailing 12-month price-earnings multiple of 913x on Wednesday, according to data from YCharts.com. Meanwhile, the S&P 500 traded at a trailing 12-month price-earnings multiple of 21.7x, according to JPMorgan.
Elon vs. The Alligators (Part II)
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Tesla stock tanks after the automaker's surprise exclusion from the S&P 500 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Every now and then either owner or comapany, do something which hit the market below the belt, making wipe off huge monies I’m not sure it was a surprise.... Sketchy accounting, fake profits, 1000x earnings, blatant bubble stock with a CEO that’s already been fined once for stock price manipulation..... He and his company are overrated. He had burned up Billions of his own and investors cash.
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S&P 500 adds three companies not named Tesla — ‘a bit of a shocker,’ analyst saysThe S&P 500 will add three new companies this month -- but none of them are $TSLA. “The Champagne was on ice to get into the S&P 500 ... This was a bit of a shocker.'
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