Tesla to join S&P 500; stock leaps by 11% overnight

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S&P Dow Jones Indices confirmed after markets closed on Monday that they would add the company to Wall Street’s main index from Dec. 21, firing the starting gun on a major reorganization of investment funds that track the basket of stocks. At $400 billion, Tesla’s market capitalization is a hundred times that of the S&P’s smaller companies, according to Refinitiv data, and potentially making it the biggest ever addition to the index. S&P DJI said the addition of the car company would require i

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Tesla to join S&P 500; stock leaps by 11% overnight originally appeared on Autoblog on Tue, 17 Nov 2020 08:13:00 EST. Please see our terms for use of feeds.

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