On the last trading day before being included in the S&P 500 index, Tesla’s stock price hit a historic new high, rising 5.96% to $695 per share, with a market value of $658.7 billion.
Since the announcement of Tesla’s inclusion in the S&P 500, its market value has increased by $271.96 billion, surpassing Toyota Motor’s market value (currently around $213 billion). In terms of market value, Tesla will become the largest company to join the S&P 500. So far this year, Tesla’s stock price has risen by 731%, while the S&P has risen about 15%.
Such a large trading volume has also raised concerns in the market about what positive news will be needed to further boost Tesla’s stock price. Many analysts believe that Tesla’s stock price may face volatility after its official inclusion in the S&P 500.
🔗Source: Market Watch
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