fbpx

Tesla Plummets 20%, Shedding $76 Billion in Market Value As Tech Sell-Off Continues

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn

Tesla (TSLA) dropped 20% on Tuesday, which erased over $76 Billion in market capitalization.

Tesla was a key player in the recent tech sell-off which affected Apple, Microsoft, Amazon, Google, and plenty more stocks in the tech sector.

A key factor in Tesla’s significant drop was their exclusion from the S&P 500 index, which companies such as Etsy joined recently. Despite the company’s successful quarters this past year, this news may come at a shock to some investors, as many investors speculated that Tesla will be added to the index.

More on this as it develops.

More to explorer

Responses

Your email address will not be published. Required fields are marked *

Sign In

Grow with confidence

OR

By continuing, you agree to Hustly’s Terms of Service, Privacy Policy. Don’t have an account? Sign up

Welcome to Hustly

Grow with confidence

OR

By continuing, you agree to Hustly’s Terms of Service, Privacy Policy. Already a member? Log in.

Start a Discussion

News Feed Forums Tesla Plummets 20%, Shedding $76 Billion in Market Value As Tech Sell-Off Continues

Your information:

Cancel

Advertiser Disclosure

At Hustly Invest (HustlyInvest.com), we care about your goals and want to see you achieve greatness. We pride ourselves on providing you the right guidance to make effective decisions. Considering that this website is free, people often ask how we make money. The short answer is, our partners pay us a commission as compensation for our recommendations. 

HustlyInvest.com and its affiliates are paid a commission on a per sale or lead basis for all of the credit card offers displayed on this website. Often, we will list credit card offers that we are not paid any commission for. HustlyInvest.com offers affiliate programs to affiliates who are also paid commissions to promote the credit card offerings listed. The content is not provided nor commissioned by the company whose products are featured on the site (“Advertiser”). Any opinions, analyses, reviews or evaluations provided by our team members are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the Advertiser. This site may be compensated through the Advertiser’s affiliate programs.