Stock market: luxury car maker Tesla accesses S&P 500
Tesla will be listed on Monday December 21, 2020 on the S&P 500 stock index. JUSTIN SULLIVAN GETTY IMAGES NORTH AMERICA / AFP / File
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Tesla, the American manufacturer of high-end electric vehicles, founded by Elon Musk, made its entry on Monday into the prestigious S&P 500 index. A further step in its inexorable rise.
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2020 turns out to be a banner year for Tesla.
Since January, the share of the American manufacturer has soared by more than 680%, a jump that allows the company of Elon Musk to become the ninth market capitalization in the world, and thus to get closer to Facebook.
Now, the American manufacturer of electric vehicles is far ahead of General Motors, Ford and Fiat Chrysler, the three American car giants.
Included in the index after a first refusal
With a capitalization of $ 606 billion, at the close of Wall Street last Thursday, the autonomous vehicle manufacturer will become the most expensive company to join the benchmark index and will represent more than 1% of the index which includes the 500 largest listed companies in the United States.
The operation will allow Tesla to access very large financial portfolios and increase its exposure to small unitholders, via numerous investment funds.
It is revenge for the American billionaire, who in early September had suffered a rejection.
Without any official reason, Tesla was denied access to the prestigious index.
►Also read: Apple and Tesla review the price of their shares to attract more shareholders
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