Tesla Stock Just Cost Average Investors $7.4 Billion
Tesla (NASDAQ: TSLA) has always gotten a lot of attention. Its groundbreaking electric vehicles have become icons of technological advancement, and the company that CEO Elon Musk helped build into the dominant player in its nascent industry has made shareholders extremely happy over the decade since its initial public offering (IPO).
But for index fund investors, Tesla just brought on the latest in a long line of controversies. That's because index funds just spent $90 billion buying Tesla shares -- and in just two short days, they've already lost $7.4 billion for their fund shareholders.
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Source Fool.com
