Shares of Tesla went up and down like a rollercoaster this week, starting with a steep 21% drop on Tuesday, seeing the effects of being snubbed from the S&P 500.
Over the past two days, Tesla shares have rebounded, up 17%, winning back gains, but still down 23% compared to its record close at the end of August, reports Reuters.
Currently, Tesla’s market cap stands at $344 billion and shares are currently only up 0.63% for the day, as it appears some gains have again been lost, trading at $369 per share.
All eyes are on Tesla’s upcoming Battery Day on September 22, with a presentation to follow its annual shareholders’ meeting. The company is expected to debut its latest battery technologies, so buckle yourself in for what could be another wild ride for the company’s stock price.
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