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Image: Vlad Tchompalov on Unsplash
Tesla ($TSLA) was named to the S&P 500 and will make its debut tomorrow. Getting listed on the index with the other large market capital companies is important because many institutions gauge S&P's performance and align it with the market outlook. Tesla is probably also excited about its debt rating on its way to BBB-, the first level of investment grade bond ratings.
Elon has had a huge year and so have many of his tech colleagues. The internet services and social media industry is up 41.88% YTD and the computer processing and cloud services people are up 38.37% YTD. Did you notice it was difficult to get a decent microphone for a few months when the plague started?
Don't forget about bitcoin.
$TSLA will open tomorrow at 695.00 USD.