Tesla Plunges After Major Shareholder Cuts Stake - THEMARKETTRENDZ

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Wednesday, 2 September 2020

Tesla Plunges After Major Shareholder Cuts Stake



Sep.02 -- Tesla shares had their worst one-day loss since March after holder Baillie Gifford reported a 4.25% stake in a 13G filing, trimming ownership from a 7.67% stake in a filing in February. Meanwhile, Tesla’s status as a contender to join the S&P 500 Index has helped power a recent run-up in its shares -- and one analyst is suggesting a decision to add the electric-car maker’s stock to the benchmark could come sooner rather than later. Su Keenan reports on "Bloomberg Daybreak: Australia."
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