Since April 1, the electric car maker has lost $500 billion in market value. The general weakness of growth stocks is only one factor – plus problems in China, the offer for Twitter, the kicking out of a sustainability index and the behavior of CEO Elon Musk.
The behavior of Tesla boss Musk is also responsible for the slide in the share.
Tesla received the latest blow on Thursday. That day it was announced that the company’s shares had been removed from the S&P 500 sustainability index as of early May. In Friday trading, the stocks fell more than 6 percent. Since the beginning of April, the market value of the e-car manufacturer has fallen by more than 500 billion dollars – almost twice the market value of the Swiss pharmaceutical giant Roche. Tesla is currently worth around 690 billion dollars on the stock exchange.
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