Elon Musk's Tesla debuts into S&P after frantic Friday trading

Topics Elon Musk | Tesla | S&P 500

Tesla Inc will on Monday make its much anticipated debut into the benchmark S&P 500 index, after rising to a record high on Friday in a frantic day of trading. The company, headed by billionaire Elon Musk, will become the most valuable ever admitted to Wall Street's main benchmark and will account for 1.69% of the index, according to S&P Dow Jones Indices' analyst Howard Silverblatt.

The shares have surged some 70% since mid-November, when Tesla's debut in the S&P 500 was announced https://www.spglobal.com/spdji/en/media-center/news-announcements/#indexNews,.

This article is no longer available in our repository.

There could be multiple reasons for this.