Tesla Out? Surprising New ‘Magnificent 7’ Stock Index Deals Fresh Blow To Elon Musk

Tesla, Elon Musk’s electric car company, has seen its share price fall by almost half since its December highs (as traders eye a Federal Reserve “big catalyst”).
Tesla, one of the so-called “Magnificent 7” tech stocks that includes Alphabet, Amazon, Apple, Meta, Microsoft and Nvidia, has ridden a U.S. president Donald Trump stock market “bump" but is struggling amid a sell-off that led Musk to issue a crypto price warning.
Now, as fears swirl a new, mystery threat is targeting crypto, Standard Chartered analysis has found replacing Tesla with bitcoin in the Magnificent 7 delivers higher returns and lower volatility—calling the index Mag7B.
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