As previously reported, Tesla was removed from the S&P 500 ESG Index by S&P. In this regard, Margaret Dorn, director of ESG Indexes in North America, explained that Tesla was excluded from the index because the company did not publish relevant details of its low-carbon strategy or business conduct code, although Tesla electric vehicles help reduce global emissions. , but the company's other issues and less disclosures have raised concerns among investors.
In addition, Tesla is no longer the No. 1 holding in Cathie Wood's flagship fund. For most of at least 2017, Tesla (TSLA.O) has been the No. 1 stock by market value in the ARK Innovation ETF (ARKK), data show. That changed on Thursday, when electronics maker ROKU (ROKU.O) took the throne from Tesla. ARKK's stake in Tesla was worth about $703 million as of Thursday's close, while its Roku stake was worth $717 million.
I don't know if these news have anything to do with tsla's slump. Does anyone know why the tsla crashed?
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