That was the reason why it fell? In that case looks liem they made the right decision not to include it. Any stock that moves 20% on this kind of decision is fundamentally flawed.
Disclaimer: I am short $TSLA since about 2 weeks ago, because I can't wrap my head around the valuation and near parabolic move short-term. I do think that they are more valuable than some other large automakers, but probably not more than all of them put together. :)
How/where did you get shares to short? At what margin interest rate are you having to pay?
Per that, I'd imagine any brokerage would allow you to short them.
The Enterprise Value of Tesla ($398B) is only slightly more than the Enterprise Value of Toyota ($337B). VW's is $224B. They have a valuation larger than any other automaker, but not even close to that of all put together.
EV = market cap + debt - free cash
Not including debt in a company's valuation is like saying that the valuation of my house is only $100K if I still have a $400K mortgage on my $500K house.
Tend to stay away from anything that is "my cousins friend at work asked how to buy stocks because he wants to buy x"
Oh, so basically the entire stock market during the pandemic?
But, ye - things are crazy at the moment with retail investors
Maybe $TSLA and the market at large wouldn't be doing so well if rich investors could still spend money on vacations, luxury events, concerts, travel, etc?
The interiors and exteriors were actually bad. The infotainment system was buggy and cheap, but it was feature rich and fast. If it wasn't Tesla, people would hate it for not having buttons.
The reliability is notoriously bad too.
I don't see any genuine argument for "Best", they might have the hardest, lowest paid workers, or the only car you can natively play a 30 year old video game, but when comparing Tesla to Nissan or GM EVs, I don't see why you'd get a Tesla.
It's more expensive and you get less.
However, if they were the same price, I'd much, much rather have the Tesla. Nissan's battery tech [and capacity] is way worse than Tesla's.
Kia offer a seven-year warranty, even on the battery. And are joint first in the 2020 JD Powers survey.
Tesla are nowhere near that level. Your benchmarking is flawed.
When a stock join an index, all the index funds (which simply passively follow the index) have to purchase a proportionate amount of that Stock (and got rid of whatever stock was ejected). Sonic you think stock X will go into an index you know that there will soon be a brief surge in demand for shares of X. Why now own some so that when that surge happens you’ll make a quick profit? Oops, didn’t join, so now you probably want to get rid of thats tick you just held to flip.
I don’t think Tesla is a good investment but this particular and unusual case is not why.
But it can use its valuation to bring in capital to try and make the business into something else.
(The solar business is even worse; that's basically a generic product and should be expected to have extremely low margins in the long term)