electric car company wasn’t added to the S&P 500 on Friday afternoon. The decision came as a surprise for many analysts and investors who had expected Tesla, which is led by Elon Musk, to join the benchmark index after surging more than 400% since early April.
In the last week, Tesla has went from north of $500 per share to $360.50 per share.Overall, the Nasdaq’s decline pushed the index to 11,053 points — wiping out about a month’s worth of gains.
Still, even with the selloff, the index is still up about 22% on the year.While some of the biggest tech stocks fell on Tuesday morning, there were a few standouts that were bucking the trend.
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