Tesla’s stock debuts as S&P 500 member with a 4.1% drop, then falls further

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Tesla Inc.’s stock debuted as S&P 500 index component with a thud, as the stock opened at $666.24, down 4.1% from Friday’s record close of $695.00. Within the first 10 minutes as S&P 500 member, it has traded within a range of $657.52 (down 5.4%) to $668.50 (3.8%). It was last down 4.7%, which would make it the seventh worst performer in the S&P 500, which was down 0.9%.
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