Tesla Motors, Inc. (NASDAQ: TSLA) – Tesla will (finally) be added to the S&P 500

Tesla Inc. (NASDAQ: TSLA) will be added to the S&P 500 index after months and months of speculation.

The move will take effect with the December quarter imbalance before the December quarter business opens.

“Also due to the sheer size, S&P is seeking feedback through a consultation for the Dow Jones Indies investment community to determine whether Tesla will receive a rebel effective date once or in two separate installments. Should end on. “Tesla will name a S&P 500 company in a separate press release near the replacement effective date.”

See also: Analyst: S&P passed on Tesla because it is ‘deeply overvalued’

Tesla’s stock has been huge over the past year. Part of that boom was that the stock would be added to the S&P 500 in 2020. The stock fell in early September after Tesla was over.

Tesla will be added to the index as a consumer discretionary stock.

Tesla’s stock rose 10% in the post-Monday session. The stock closed at $ 408.09.

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