Tesla share prices tumble
Tesla’s share price has dropped by a third since the start of the week, with the company losing about a fifth of its value on Tuesday alone.
This has partly been attributed to the decision not to allow it to enter the S&P 500 index, as well as the news that General Motors will invest heavily in electric vehicles after acquiring 11% of Tesla rival Nikola.
The decline has seen about £111bn wiped off the company’s value this week.
