On Friday, May 20, as of press time, Tesla (tsla. US) fell 3.75% to $682.8. As of Thursday’s close, Tesla was no longer the largest heavy stock of the flagship fund of wood sister Cathie wood, and electronic product manufacturer roku (roku. US) took the throne from Tesla. In addition, wedbush recently lowered Tesla’s target price to $1000, and lowered the company’s Q2 delivery forecast and earnings forecasts for Q2, fy22 and fy23.
Yesterday, Tesla was also kicked out of the S & P 500 ESG index.
