Tesla to join S&P 500 in December

A Tesla sign in New Jersey — (REUTERS\/Lucy Nicholson)

By:

Reuters

November 16, 2020 11:54 PM

NEW YORK -- Tesla Inc. is set to join the S&P 500 in December, a major win for CEO Elon Musk and his shareholders, triggering a massive $51 billion trade as index funds are forced to buy the EV producer's shares.

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