Tesla will join the S&P 500 index today. The electric vehicle company qualified for the index earlier this year after reporting four consecutive quarters of profitability. Tesla will have a 1.7% weighting in the index, making it the fifth-largest component after Apple, Amazon, Microsoft, and Facebook (and the sixth-largest component when combining Google’s two share classes).
More context: The S&P 500 is one of the three major US stock market indices. The index measures the stock performance of 500 large companies listed on stock exchanges in the US.
The New Paper
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