Tesla makes its S&P 500 debut in exactly 4.20 weeks


Tesla finally enters the S&P 500 next month, an event Goldman Sachs says could spark an $8 billion rally for the electric vehicle wunderstock. News of its S&P 500 nod has already pushed Tesla’s share price up 22% to eclipse the index’s top performers CARR and ETSY by more than 200%. Indeed, if Tesla was in the S&P 500 today, it would be the index’s best performing stock this year — by far. But in around 31 days, a reported $11 trillion in mutual funds and other investments tracking the S&P are expected to buy Tesla stock, and some Wall Street insiders…

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