Tesla Plunges After Major Shareholder Cuts Stake

Sep.02 -- Tesla shares had their worst one-day loss since March after holder Baillie Gifford reported a 4.25% stake in a 13G filing, trimming ownership from a 7.67% stake in a filing in February. Meanwhile, Tesla’s status as a contender to join the S&P 500 Index has helped power a recent run-up in its shares -- and one analyst is suggesting a decision to add the electric-car maker’s stock to the benchmark could come sooner rather than later. Su Keenan reports on "Bloomberg Daybreak: Australia."

Видео Tesla Plunges After Major Shareholder Cuts Stake канала Bloomberg Markets and Finance