A recent Nasdaq Markets article submitted by Zacks Equity Research titled, “Is Tesla on Track to Join the Elite S&P 500 Index This Year?” covers the significant impact Tesla (NASDAQ: TSLA) has had on the auto industry and considers when the Zacks Rank #3 (Hold) company may enter the prestigious S&P 500 club. The article reads, “Despite some concerns, the narrative for this stock’s $115-billion market cap is still compelling, considering how quickly the firm has been building out its base. If Tesla gets added to the S&P list, the company will most likely witness short-term gains as stocks do get an immediate boost on joining major indices like the S&P 500. While there might be potential short-term gains, the index inclusion effect may not last long. However, what matters is the fact that an inclusion in the S&P 500 will increase the company’s credibility.”
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About Tesla
Tesla, Inc., is an American electric vehicle and clean energy company based in Palo Alto, California. The company specializes in electric vehicle manufacturing, battery energy storage from home to grid scale and, through its acquisition of SolarCity, solar panel and solar roof tile manufacturing. For more information, visit www.Tesla.com.
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