Tesla stock tanks after the automaker's surprise exclusion from the S&P 500 - Business Insider

Tesla stock tanks after the automaker's surprise exclusion from the S&P 500

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.

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:

BusinessInsider /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'We're certainly in a bubble,' strategist warns — but don't expect it to pop anytime soonThe S&P 500 tech sector fell more than 4% for the week, intensifying speculation that the stock market shakeout was likely not over yet.
Read more »

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.
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.
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.
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.
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.
Read more »