Tesla stock sputters after S&P Dow Jones Indices adds Etsy, Teradyne, and Catalent instead

After a wild run that saw its share price increase more than fivefold since the start of the year, Tesla continues to spiral back down to earth.

Elon Musk’s electric car company closed out the trading day more than 20% below where it opened on Tuesday morning, following a three-day weekend during which investors had plenty of time to digest the sobering news that Tesla would not be added to the S&P 500 index.

On Friday, S&P Dow Jones Indices announced instead that three companies—sales platform Etsy, test equipment maker Teradyne, and pharmaceutical firm Catalent—would be added to the 500 that make up the S&P index.

Which companies are getting bumped? H&R Block, Coty, and Kohl’s.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s