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Why Tesla Stock Fell Sharply on Monday

TheMotleyFool

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Shares of Tesla (NASDAQ: TSLA) fell sharply on Monday. The stock declined as much as 6.3%. As of 11:00 a.m. EST, however, the stock was down 5.1%.

The growth stock's decline follows S&P Global's (NYSE: SPGI) move before market hours on Monday to begin including the electric-car maker as a constituent of its popular S&P 500 market index. The inclusion may have been a catalyst for shares to take a breather after a huge run recently. Even including the stock's decline today, shares are up more than 60% since mid-November.

Image source: Getty Images.

Source Fool.com

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