The decline follows the surprise exclusion of Elon Musk's electric-car maker from the S&P 500, a key shareholder cutting its stake, and its announcement of a $5 billion share sale.
Tesla met the criteria to join the benchmark index last quarter, but S&P 500 managers only added Etsy, Teradyne, and Catalent.
...*low battery light*
Tesla was not 'excluded' at all. What happened on Friday was just a reshuffle of companies already in S&P indexes and other changes could come. Furthermore, S&P Global already upgraded Tesla and wrote a glowing review of their future prospects:
He and his company are overrated. He had burned up Billions of his own and investors cash.
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.....
Every now and then either owner or comapany, do something which hit the market below the belt, making wipe off huge monies
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:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rivian R1T tops 'ridiculous'-looking Tesla Cybertruck, YouTuber says - 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. Good luck finding a charging station :) Yea naw lol
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market outlook: 3 ways to stay invested amid sell-off, UBS says - 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. Smokey_Creek should invest in something that’s guaranteed. Breaking news: McDonalds want you to keep eating its burgers even tho its bad for your health.
Source: BusinessInsider - 🏆 729. / 51 Read more »
SUCCESS INSIDER: 6-figure side hustles, resume templates, Y combinator - 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. Y’all really post some wild shit Earn with the THE WORLD FOREX EXPERT TRADERS the best binary and Forex platform , i made $10, 000 within a week with just $1500 investment I never believed it's real till I gave it a try Contact the admin Mr Abrantes Rene via Twitter 👇👇👇 abrantesrene
Source: BusinessInsider - 🏆 729. / 51 Read more »
Businesses are taking an unprecedented stance on looting - 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. Truely the heart and soul of American business success is the small business owners get idiot mayors and governors to stop the riots and looting!!!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Omsom founders discuss launching a new business during the pandemic - 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. 👍 The pandemic is scheduled to last for 20 years. Then tell me, are you going to be hidden in your house for 20 years? Huh?
Source: BusinessInsider - 🏆 729. / 51 Read more »