CNBCのインスタグラム(cnbc) - 9月9日 01時02分


Tesla stock is taking one heck of a hit on Tuesday.⁠

Shares of the automaker tumbled more than 13% this morning after the company was left out of the S&P 500 by the committee that decides on new additions to the index. The stock has been on a tear this year, having risen around 400%, and the company is now worth more than some of the world’s largest automakers, including Toyota and Volkswagen.⁠

On Friday, the S&P 500 Index Committee decided to add Etsy, Teradyne and Catalent to the S&P 500, but stopped short of including Tesla. Some investors had expected Tesla to be included this quarter, after it reported its fourth consecutive quarter of profitability in July. Tesla’s move lower Tuesday also follows a major reversal in the big technology stocks last week, amid fears that valuations had reached unsustainable levels.⁠

More details on the company’s stock moves at the link in bio. (With @Fang) ⁠


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