Sticking With The Action/Adventure Genre: Tesla Is Poised To Enter The S&P 500 With A $285 Billion Market Cap (TSLA)

After trading up $150.37 (+10.78%) during the regular session, Tesla gave back $2.65 (-0.17%) to settle at $1,542.00 .
From Investor's Business Daily:
 
Tesla Expected To Clear This Key Hurdle To Even More Investor Demand For Shares

Tesla (TSLA) is poised to clear a key hurdle for entry into the S&P 500, an event that could further fuel institutional demand for the electric car maker's surging shares. Tesla stock skyrocketed Friday, continuing its vertical ascent over the past two weeks.

Last week, Tesla reported stronger-than-expected deliveries for the second quarter, underpinned by strong Model 3 sedan demand in a sluggish China auto market. Analysts are increasingly confident that Tesla will show a profit in its quarterly report on July 22, Reuters reported.

With four cumulative quarters of positive earnings, the Model 3 maker would meet one of the key criteria to qualify for S&P 500 membership.

In such a scenario, funds that track the S&P 500 index would need to buy Tesla stock to avoid tracking errors. Additionally, active managers whose funds are benchmarked to the large-cap index would be forced to decide whether to buy Tesla as well....

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