11/16/2020, 11:25 PM (Source: TeleTrader)
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Tesla set to join S&P 500, shares gain over 9%

Tesla Inc. is set to join the S&P 500 before the opening bell on December 21, S&P Global announced on Monday. The carmaker's shares soared over 9% in after-market trade.

S&P Global added that it will reveal which company Tesla will replace in the near future. Last month, Tesla's net income jumped 131% year-on-year to $331 million, as total vehicle production increased by 51%.

Breaking the News / DJ