Tesla Inc (NASDAQ: TSLA) shares fell over 21% at Tuesday’s closing — marking the worst day of declines for the automaker after it was left out of the prestigious S&P 500 index.What Happened: The decline in the Elon Musk-led company shares’ trading price saw its market valuation fall $82 billion to $307.7 billion. The stock has risen nearly 295% year-to-date.Even though Tesla has achieved four consecutive quarters of profitability as of its July results, the company failed to make it to S&P 500.This week, the company sold $5 billion in new stock in order to raise capital.In late August, the …read more
Source:: Yahoo Finance
