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High-flying Tesla stock takes a hit on 1st day in S&P 500

by Tom Krisher
| December 21, 2020 2:24 PM

DETROIT (AP) — In the middle of last year, Tesla's losses were piling up, sales weren't enough to cover expenses and big debt payments loomed. The situation was so bad that one influential Wall Street analyst raised the possibility that Tesla wouldn't be able to pay its bills and would have to be restructured financially.

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