TSLA
Tesla heads into 2021 with new tailwind after S&P 500 inclusion
- Tesla (NASDAQ:TSLA) bulls are taking a victory lap after the EV
automaker landed inclusion on the S&P 500 Index.
- "We believe the sustained profitability trajectory as evidenced in the
September quarter was the final straw that got Musk & Co. into the S&P
500
this time around despite all the noise around tax credit boosts on the
Street," writes analyst Dan Ives.
- Ives calls the development a clear positive for shares and removes
another question mark around the Tesla story going forward.
- Meanwhile, Barron's estimates nearly $10B worth of Tesla stock will
need to be purchased by index funds in what could serve as a short-term
demand bump for shares.
- Shares of Tesla are up 13.16% in AH trading.
- Earlier: Tesla joining S&P 500; shares jump 10%
|Today, 8:42 PM|56 Comments
Tesla heads into 2021 with new tailwind after S&P 500 inclusion
- Tesla (NASDAQ:TSLA) bulls are taking a victory lap after the EV
automaker landed inclusion on the S&P 500 Index.
- "We believe the sustained profitability trajectory as evidenced in the
September quarter was the final straw that got Musk & Co. into the S&P
500
this time around despite all the noise around tax credit boosts on the
Street," writes analyst Dan Ives.
- Ives calls the development a clear positive for shares and removes
another question mark around the Tesla story going forward.
- Meanwhile, Barron's estimates nearly $10B worth of Tesla stock will
need to be purchased by index funds in what could serve as a short-term
demand bump for shares.
- Shares of Tesla are up 13.16% in AH trading.
- Earlier: Tesla joining S&P 500; shares jump 10%
|Today, 8:42 PM|56 Comments
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