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S&P 500 to swallow Tesla in one gulp on Dec. 21; shares keep on surging

AMB News Reporter

News Reporter
Filed under: Earnings/Financials,Green,Tesla

Tesla Inc shares jumped 4% in extended trade on Monday after S&P Dow Jones Indices said it would add one of Wall Street's most valuable companies to the S&P 500 index all at once on Dec. 21. Adding Elon Musk's Tesla to Wall Street's most followed benchmark will force index funds to buy about $73 billion worth of its shares, S&P Dow Jones Indices said. The electric car maker's stock has surged over 40% since Nov. 16, when it was announced Tesla would join the index.
Continue reading S&P 500 to swallow Tesla in one gulp on Dec. 21; shares keep on surging

S&P 500 to swallow Tesla in one gulp on Dec. 21; shares keep on surging
originally appeared on Autoblog on Tue, 1 Dec 2020 09:45:00 EST. Please see our terms for use of feeds.

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