Tesla stock drops on 1st day of S&P 500 trading

Posted online December 22, 2020 | 7:31 am

Tesla Inc.'s stock slumped in its S&P 500 debut yesterday.

The electric car maker's shares dipped by 5.1% in morning trading. After opening at $666.24 per share yesterday, the company's stock closed at $649.86 per share.

The data indicate some investors sought to capitalize on Tesla’s addition to the S&P 500, according to The Wall Street Journal.

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