This is a most excellent place for technology news and articles.
What a certain stock does within days of a big announcement like this is one of the most meaningless things to write news articles about. In a month, the value is usually back to where it was, and that’s what nobody ever writes about.
A few months ago, the S&P 500 dipped, and there were countless articles about whether investors should panic. Not only is it back to normal now, but it’s even higher than before.
Oh, the S&P 500 will drop significantly, since they were foolish enough to accept Tesla.
Creating panic for the slight drop recently was entirely coming from right wing outlets by my oversvation, especially fox news and RT affiliates.
Tesla is 1.44% of S&P500. They don't pick the companies onto their index based on emotions. Hopefully you've shorted them like crazy since you're so sure about them going bust.
I never claimed they will become bancrupt, but they will eventually get to their true value that isn't based on lies, false promises and market manipulation. But then will come the lawsuits and they could very well end in bancruptcy.
Alright, apparently I overestimated it's share of S&P, so I'm even more convinced it will happen soon.
Major investor firms have already significantly lowered their stake in Tesla because of votality. S&P 500 would be wise to do the same.
The S&P500 index doesn’t speculate about whether a company’s stock is over- or underpriced. It’s a market-cap-weighted index, meaning the weight of companies like Tesla is based on their market value, not an estimation of their future performance. Speculating about whether a stock is overvalued is something actively managed funds do, but the S&P500 is designed to passively reflect the largest U.S. companies based on size.
This last one is interesting. Large companies with very risky cash flows are excluded from the S&P 500
These are the requirements you need to fulfill before a board of investors decide. I don't think they need to have anything else than "We don't like you anymore" to get rid off it.
But yeah, October the 23rd will be an exciting day.
On a different note, musk said it himself that only a fascist takeover of trump can spare him from jail, so even he knows he and his company is cooked, if laws finally catch up to him.
