Tesla stock listed on the S&P 500 Wall Street Index in December

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The company announced the management of the broader S&P 500 index of US stocks yesterday evening, Monday, its intention to add the share of the American electric car maker “Tesla” to the index on December 21 next.
In view of the huge market value of the company, “S&P Dow Jones Indexes”, which manages the S&P 500 Index, said that it is studying registering the share on the index at once or in two separate tranches, and that it will later announce the name of the company whose share will be removed from the index. Because of Tesla’s arrow.Tesla’s share price rose after the close of official dealings yesterday, by more than 10% after the announcement.

It is noteworthy that Elon Musk has long been considered a candidate to join this prestigious index of US stocks thanks to its successes this year.

With its market value reaching about $ 387 billion, Tesla has become the largest car company by market value in the world, and the value of three major car companies, which are Ford, General Motors and Fiat Chrysler together, does not reach $ 125 billion.

Many investors expected three months ago to join the index when Tesla achieved a prerequisite for registration, after achieving profits for four consecutive quarters.

Last October, the company announced strong results, while continuing to record profits for the fifth consecutive quarter, paving the way for the stock to reach the S&P 500 index.

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