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Tesla's stock has risen 550% from Jan 1. There's a simple reason why it may rise even further
Posted: Nov 26, 2020 22:02 Tesla
Photo by Arno Senoner on Unsplash
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Tesla will be added to the S&P 500 index on December 21. With its current market cap the stock will be just over 1% of that index. However, this works out to potentially over $50 billion worth of Tesla stock that S&P-tracking assets will have to buy once its added.

Apple is currently the largest stock in the S&P 500, with a weight of about 6.5% of the index.

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