Tesla Inc. (TSLA) is set to join the S&P 500 on Monday, December 21. With the news, which was announced on Monday, November 16, shares of the company spiked 13%, largely because fund managers tracking the S&P 500 had to buy shares of it. When Tesla joins, it will be in the top 10 most valuable companies on the S&P. Tesla has been valuable enough to join for quite some time (the market cap requirement is only $8.2 billion, and Tesla’s is around $387 billion, higher than Toyota, Disney, and Coca-Cola, just to name a few), but is only getting in on it now.
Tesla To Join S&P 500
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