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Tesla shares drop 5% on SP 500 debut

It does this after the company made history as the most valuable company that entered the indicator.

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  • The actions of Tesla They are up more than 600% so far this year, and they were up 70% following the announcement to get into the SP 500.
Tesla shares drop 5% on SP 500 debut
Tesla shares drop 5% on SP 500 debut

On his first day in SP 500 the actions of Tesla, an automotive company of Elon Muskfell 5% in the main index of Wall street at $ 659.99. It does this after the company made history as the most valuable company that entered the indicator.

After half an hour, Musk’s company stocks fell 5.22% after rising 6% last Friday as SP 500 investors rushed to buy shares.

Image: Mike Blake / Reuters via BI

The electric car company has a market value of $ 625 billion, according to the market EFETherefore, it becomes the most valuable company that has hit the highest benchmark index on Wall Street.

The actions of Tesla They are up more than 600% so far this year, and they were up 70% following the announcement to get into the SP 500. As reported, it also corresponded to a weighting of 1.69% in the indicator before operations on Monday Reuters.

As soon as Tesla releases results for the fourth quarter of this year in early 2021, it could be known whether the company will post its first full year of earnings.

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