Latest, Stocks

Tesla will join the S&P 500 index in December

Written by Leonardo Hadi · 41 sec read >
5/5 (2)


Photo by Vlad Tchompalov on Unsplash


S&P Dow Jones Indices announces that Tesla will join the S&P 500 index on December 21, 2020. The decision is made after the electric carmaker posts positive earnings for the fourth consecutive quarter.

Tesla has a $418 billion market capitalization with a total target vehicle delivery of 514,500 in 2020. The third quarter earning is up 170% compared to the second quarter.

Thank you for reading Hivelr. Business Journal.

Subscribe to Hivelr. Business Journal

Tesla will be in the top 10 largest companies in the S&P 500 index below Berkshire Hathaway by market capitalization. Apple is the largest company in the S&P 500 index, with a $2.03 trillion market capitalization.

The shares of Tesla gain 413% since the beginning of the year despite the pandemic. The demand for electric vehicles continues to rise as the world is moving into a zero-carbon emission economy. Tesla received nearly $400 million in regulatory credit in the third quarter, nearly doubled on the year-over-year performance.

The company that Tesla is replacing will be announced at a later date. Tesla stock jumped nearly 13% after the S&P Dow Jones Indices made after the closing bell.

Please rate this

Written by Leonardo Hadi
Quantitative hedge fund investor and Professional Engineer, holding an MBA from the University of Illinois at Urbana-Champaign Profile

2 Replies to “Tesla will join the S&P 500 index in December”

Leave a Reply

Your email address will not be published. Required fields are marked *