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Tesla is included in the S&P 500 stock market index

2020-11-17T13:14:38.130Z


On the stock exchange, Tesla has long been worth more than traditional car companies. Now the electric car manufacturer is included in the S&P 500 stock market index. The news makes the stock rise sharply.


Tesla dealer in Florida

Photo: JOE RAEDLE / AFP

The US electric car manufacturer Tesla is included in the S&P 500 stock market index.

This was announced by the index operator S&P Dow Jones Indices.

The papers of the e-car pioneer should start trading next week.

Tesla's shares reacted after the hours with a price jump of more than ten percent.

Tech billionaire Elon Musk's company has long been a candidate for the prestigious US equity barometer because of its soaring this year.

With a market value of nearly $ 387 billion, Tesla is the world's highest-traded automaker.

For comparison: the industry giants General Motors, Ford and Fiat Chrysler bring it together to a good 125 billion dollars.

Many investors had actually expected the jump into the traditional stock index three months ago, when Tesla created an important prerequisite for it with four quarterly profits in a row.

In October, Musk's group again delivered surprisingly strong results - the fifth consecutive quarter in the black should ultimately have paved the way into the S&P 500.

Icon: The mirror

dab / dpa

Source: spiegel

All business articles on 2020-11-17

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