Tesla stock suffers biggest-ever drop as it starts its second bear market this year

Shares of Tesla Inc. suffered Tuesday their biggest loss since going public to kick off the second bear market this year, as investors rode a roller coaster over the past week that started with a climb to a record close and was followed by a stock offering, a big bounce, and then an S&P 500 index snubbing.

The stock’s selloff kicked off last Tuesday after the electric vehicle maker disclosed a $5 billion stock offering and a large shareholder reduced its stake. On Friday, the stock had plunged as much as 8.6% intraday, before pulling a sharp U-turn to close up 2.8%, to snap a 3-day losing streak, after the company disclosed stock trades by a number of insiders.

“Tesla not getting into the S&P 500 club is a head scratcher and the stock will likely be down for the indexing implications,” Wedbush analyst Dan Ives said in an email to MarketWatch, as reported by MarketWatch’s Jeremy Owens.“With an estimated ~$4.5 [trillion] of assets indexed to the S&P 500, we think shares were reflecting expectations for substantial passive inflows,” Baird analyst Ben Kallo wrote in a research note.

It took just two days for the stock to enter correction territory, as on Sept. 2 it closed 10.2% below its Aug. 31 record. Many would view a close on Tuesday at or below $398.65 as marking the beginning of a bear market.

The use of “value” in the header is misleading. Fake news.

Battery day won't do anything anymore. $TSLA is done

Hell week

Dead battery

It's in a nice point of entry

Fraud is about to come to light

So you’re saying its on sale? Perfect

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Luxury electric SUVs compared: Tesla Model X, Tesla Model Y, Cadillac Lyric, Audi e-tron - 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. Please donate and share🙏🏽. Even if it is a dollar Then you dont know the right cars. Heard of MercedesBenz EQC?
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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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