Tesla Will Be Added to SP500 Before Dec 21

S&P Global announced on Monday that Tesla will join the S&P 500 effective prior to trading on Monday, Dec. 21.

Tesla Inc. (NASD:TSLA) will be added to the S&P 500 effective prior to the open of trading on Monday, December 21 to coincide with the December quarterly rebalance. Due to the large size of the addition, S&P Dow Jones Indices is seeking feedback through a consultation to the investment community to determine if Tesla should be added all at once on the rebalance effective date or in two separate tranches ending on the rebalance effective date.

SOURCES – S&P Global
Written by Brian Wang, Nextbigfuture.com ( Brian owns shares of Tesla)