S&P Global announced that it will add Tesla to the S&P 500 index on December 21. The electric vehicle company qualified for the index earlier this year after reporting four consecutive quarters of profitability. Tesla shares were up over 13% in pre-market trading on the news.
Extra: 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. Here’s a full list of companies that are currently included.