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

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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.

The Motley Fool : Here's What's Pushing Tesla Stock Toward $600 -- and Beyond

Forbes : Tesla Is Joining the S&P 500. Here’s What That Means For You

Yahoo Finance : Top 10 S&P Holdings

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