Latest News: Tesla Will be Included in S&P 500 Index!
According to latest news, Tesla will be included in S&P 500 index. It was learned that the electric car manufacturer company will participate in the index in December.
Tesla TSLA, electric car maker, will join the S&P 500 index in December, according to information from the Investing.com source.
This development is a big win for Tesla's CEO Elon Musk. As a result of this development, Tesla shares increased by 14 percent, with the funds expected to process $ 51 billion.
S&P Dow Jones Indices reported that the company will likely include. SPX in the S&P 500 index in two tranches to facilitate mutual funds before trading on December 21. S&P Dow Jones Indices used the following statements regarding development:
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Tesla will be one of the biggest additions to the S&P 500 in the last decade and as a result constitute one of the largest fund trades in the history of the S&P 500.”
With a stock market value of more than $ 400 billion, electric car manufacturer Tesla will go down in history as one of the most valuable companies in the S&P 500 index.
Source:
investing.com