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11/30/2020, 11:30 PM (Source: TeleTrader)
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Tesla to join S&P 500 on December 21

Tesla Inc. is set to be added to the S&P 500 Index on December 21, S&P Dow Jones Indices announced.

The electric car giant's entry to the group will take place before the market opens with its replacement to be named on December 11, the index provider revealed and explained the stock will be added to its benchmark all at once despite its $555 billion market capitalization.

Tesla's stocks went 3.7% up in the after-hours trading following the decision, selling for $590.16 per share.

Breaking the News / NL