https://wccftech.com/tesla-nasdaq-tsla-on-the-receiving-end-of-rare-wall-street-admonishment-as-the-ev-giant-fails-to-secure-entry-into-the-coveted-sp-500-index/

Tesla (NASDAQ:TSLA), the pre-eminent manufacturer of EVs, suffered a setback on the 4th of September when it was revealed that, as part of its September quarterly rebalancing, S&P Dow Jones Indices did not incorporate Tesla in the benchmark S&P 500 index.

Bear in mind that optimism surrounding Tesla’s possible inclusion in the benchmark index had played a vital role in pushing the stock to an unprecedented zenith. As an illustration, before the rout witnessed at the beginning of September, Tesla was up a whopping 479 percent since the beginning of the year.