Such giant companies as Tesla are used to earning and losing billions in a short period. News about Elon Musk, Tesla CEO, becoming richer or poorer in a day hits headlines quite frequently and does not particularly surprise the market. After showing a fourth straight quarter of dazzling performance, many assumed that the electric vehicle maker would be added to the S&P 500. However, things turned out to be rather disappointing.

Elon Musk lost $9.9 billion in one trading session after the company was snubbed in the S&P 500's latest round of inclusions. The S&P 500 index is one of the key US stock indexes, which includes only the largest, most liquid, and reliable companies with stable growth indicators. The decision of the index committee came as a blow to investors who had bet on its entry to the benchmark. No wonder, Tesla shares slumped by more than 18%, wiping 11.29% from the total value of Musk’s assets. He was also kicked off the top-5 the richest people of the world.

Despite record growth in figures over the past year, Tesla is still considered as one of the riskiest companies for investors. Analysts believe the price of Tesla shares is unjustifiably high. They are confident that Tesla’s stock price is one of the biggest houses of cards of all time, which is going to collapse. They also add that the real price of Tesla shares is approximately 10% of the current figures, that is, $41.8 apiece.