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Why Tesla is so expensive on the stock market

2020-12-21T08:44:00.864Z


INFOGRAPHIC - Electric car maker becomes the most expensive company to join the S&P 500, the New York Stock Exchange's flagship index.


Will the buying fever that gripped Tesla since the end of 2019 continue?

The electric car specialist joined, this Monday, December 21, the prestigious S&P 500 index (which includes the 500 largest companies listed in the United States), consecrating its stock market rise in 2020.

»READ ALSO: 2020, the year of all records for Tesla, star of Wall Street

Being part of this index, the most representative of the American market, will allow Tesla stock to be systematically included in the portfolios of a large number of asset managers.

Which should give it even more scope.

In total, the company S&P Dow Jones Indices, which manages the S&P 500 index, expects capital movements of around 80 billion dollars to prepare the arrival of the Palo Alto group.

A record!

The markets believe in Tesla, in its cars which are at the same time 100% electric, design and sports.

So much so that its stock market value has multiplied by 100

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Source: lefigaro

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