Tesla shares suffered their worst ever day after a fall in the Nasdaq took chunks out of leading American tech stocksThe rout in American technology stocks intensified yesterday with Tesla losing more than $100 billion off its value after the electric carmaker was excluded from the S&P 500. The Nasdaq, a bellwether for the US tech sector, entered correction territory having fallen more than 10 per cent from its record close last week. The index is still up 20.9 per cent since January. Tesla shares had their worst ever day, closing down 21.1 per cent at $330.21, having started the year at $86. The company is now valued at $308 billion

Source: The Times September 08, 2020 23:03 UTC