Markets

Tesla’s extends 2-day plunge to 17% as epic rally takes a breather

Tesla tumbled as much as 9% in early Tuesday trading, extending losses following a similarly sized plunge the session prior. The sell-off has dragged shares to their lowest since December and led CEO Elon Musk to relinquish his title as the world’s richest person. Tesla’s latest slump follows confusion over […]
Tesla’s extends 2-day plunge to 17% as epic rally takes a breather
Markets

Tesla slides 6% as it enters the S&P 500 as its 5th-largest member

Tesla sank as much as 6% on Monday as the company made its S&P 500 debut. The automaker joined the benchmark index as its fifth-largest member at the market open on Monday. Tesla boasts a weighting of 1.69% in the S&P 500, landing between Facebook and Alphabet’s class A shares. […]
Tesla slides 6% as it enters the S&P 500 as its 5th-largest member
Markets

Dow plummets 632 points as tech-sector carnage spoils another day

US stocks sank on Tuesday as investors sold-off tech giants and bought safe-haven assets. The tech-heavy Nasdaq composite index dropped more than 4%, extending its loss to 11% in the period since Sept. 2. Tech giants including Apple,Microsoft, and Facebook led the decline, while Treasurys and the dollar gained. Investors […]
Dow plummets 632 points as tech-sector carnage spoils another day