Tesla shares plunge as it fails to make it into S&P 500 index
Tue, Sep 8, 2020 10:57 PM

Tesla shares plunge as it fails to make it into S&P 500 index

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Tesla tumbled as much as 20% on September 8 after its surprise exclusion from the S&P 500 index added to the broader sell-off in technology stocks, which have dominated Wall Street's recovery from the coronavirus-driven crash earlier this year. Wall Street analysts and investors widely expected Tesla to join the S&P 500 after the company posted its fourth consecutive profitable quarter in July.

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