By Walter Grand in Technology —

Elon Musk lost $12.3 billion in one day as Tesla stock plummeted.

Elon Musk lost $12.3 billion in one day as Tesla stock plummeted.
Photo by Tesla Fans Schweiz / Unsplash

At the end of the trading session, the company's shares fell by 6.8% and closed at $709.81.

After that, Elon Musk wrote on Twitter that ESG is a "fraud.

Earlier, S&P Dow Jones Indices removed Tesla Inc. from the S&P 500 ESG index following its annual rebalancing, deeming the electric-car maker lagging behind other companies on a number of these.