Company Of The Day: Tesla

+62.36%
Upside
183
Market
297
Trefis
TSLA: Tesla logo
TSLA
Tesla

What?

Electric vehicle bellwether Tesla stock (NASDAQ:TSLA) was removed from the widely-followed S&P 500 ESG Index. The index includes companies based on environmental, social, and governance criteria.

Why?

Relevant Articles
  1. Tesla Stock Falls Post Elon Musk’s Twitter Purchase. What’s Next?
  2. Company Of The Day: Tesla
  3. Tesla Is Set For A Record Q3. What Does This Mean For The Stock?
  4. Can Tesla Meet Its Growth Outlook After Weaker Than Expected Q3 Deliveries?
  5. Will Tesla Stock Rally Further Post Its Split?
  6. How Will Falling Q2 Deliveries Impact Tesla’s Earnings?

S&P has cited issues that include racial discrimination claims as well as crashes that are linked to Tesla’s autopilot system.

So What?

Tesla stock dropped by over 7% in Wednesday’s trading following the news as passive index funds tracking the index will likely sell Tesla shares.

See Our Complete Analysis For Tesla

What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

Invest with Trefis Market Beating Portfolios
See all Trefis Price Estimates