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Tesla Will Join S&P 500 In December


Tesla will join the S&P 500 on December 21, S&P Dow Jones Indices announced Monday. With a market cap of nearly $400 billion, Tesla joins as one of the 10 most valuable companies in the index. S&P Global did not say which company Tesla will replace later this year. Shares of the electric-vehicle manufacturer jumped more than 13% on the news in after-hours trading. The S&P 500 is an index of 500 large US companies, says Business Insider. It is seen as one of the most important gauges of the success of America's largest publicly-traded firms.

Added on the 16/11/2020 20:34:01 - Copyright : Wochit

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