The electric car company failed the SP 500 index review.
2 min read
- The stock fell to $ 330.21 after the SP Dow Jones Indices Committee refused to add it to the SP 500 index last week.
According to stock information, Tesla shares fell 21.06% on Tuesday. This is the worst one-day accident in the history of the electric car company.
The stock fell to $ 330.21 after the SP Dow Jones Indices committee refused to add it to the SP 500 index last week. This despite the fact that Tesla met all the formal requirements and increased its market capitalization.
It was replaced by three companies with smaller capitalizations but more consistent profitability records: Etsy Inc., online retailer; Teradyne, a semiconductor manufacturer; and Catalent, a pharmaceutical technology company.
The SP 500 is one of the major US stock indices, including stocks of the largest, most liquid and reliable companies with stable indicators.
Founder Elon Musk’s net worth fell by $ 16.5 billion in less than a day, according to Forbes.