Tesla to Enter S&P 500?

22 July 2020

    Tesla’s Q2 earnings coming up today are much more of a big deal than ever, as this fourth consecutive quarter of reported profitability will make the tech giant eligible to join the renowned S&P 500 index.


    Tesla’s stock had jumped over 50% this month alone, adding to its already-threefold increase throughout the year. Investors speculate that the company should have no issue hitting the full-year-of-profitability milestone, given Tesla’s record number of car deliveries earlier in July. 


    If Tesla is successful - is it a guaranteed ticket into S&P 500, however? Not quite.


    Aside from the number of criteria to be fulfilled (The entity must be US-based; listed on either the NYSE, the Nasdaq or the Cboe;  must have a market cap of more than $8.2 billion, and report four straight quarters of profit as determined by US generally accepted accounting principles (GAAP)), there is still no guarantee of inclusion in the index, Howard Silverblatt, senior index analyst at S&P Dow Jones comments.


    Some investors believe Tesla’s current stock price preemptively reflects the inclusion in S&P 500, promoting the extreme rally and the flood of new demand. Is it too soon to be excited? Let’s wait and see.

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