Tesla loses more than combined GM, Ford market value | Malay Mail

Tesla’s shares recorded their worst single-day percentage drop ever and added to the broader sell-off in technology stocks, which have dominated Wall Street’s recovery from the coronavirus-driven crash earlier this year. — Reuters pic

The stock closed 21.06 per cent lower, while fellow electric automaker Nikola Corp jumped more than 40 per cent after General Motors said it was acquiring an 11 per cent stake in the company. “On the one hand, the slide in the share price is due to its non-inclusion in the S&P 500, but on the other hand the slide is also a normalisation of the company’s valuation,” Frank Schwope, an analyst at NORD/LB, said.

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.

Tesla loses US$80 bil in market value after exclusion from S&P 500 indexElectric vehicle maker’s stock records its worst single-day percentage drop ever. FMTNews Tesla
Source: fmtoday - 🏆 5. / 72 Read more »

Tesla loses US$80 bil in market value after exclusion from S&P 500 indexElectric vehicle maker’s stock records its worst single-day percentage drop ever. FMTNews Tesla
Source: fmtoday - 🏆 5. / 72 Read more »

Bursa Securities reprimands APFT, six former directors for breaching market listing requirements | Malay MailKUALA LUMPUR, Sept 7 — Bursa Malaysia Securities Bhd has publicly reprimanded APFT Bhd and six of its former directors for breaching the Bursa Malaysia Securities Main Market Listing Requirements (Main LR). In a statement today, Bursa Malaysia said it had imposed a fine totalling RM475,000 on the...
Source: malaymail - 🏆 1. / 86 Read more »