Tesla met all the criteria, but it was still not included in the S&P 500.<\/p>\n
Committee of the S&P Dow Jones Indices refused to include Tesla`s shares in the S&P 500. Such decision was made despite the automaker’s fulfillment of the last criterion to be included in the index – Tesla showed a profit for four consecutive quarters.<\/p>\n
Inclusion in the index would make many index funds that are guided by S&P 500, to add the automaker’s securities to the portfolio, which would contribute to further growth of quotations. These expectations have been one of the drivers of Tesla’s growth in the recent months.<\/p>\n
Tesla’s shares price since the beginning of the year increased almost six-fold, on August 31 securities worth $ 498 per piece. However, quotes began to fall since last week along with the entire technology sector. And published on Friday night the news of non-inclusion in the S&P 500 index led to a decrease in quotations by another 6.45% on the post market.<\/p>\n
Tesla is the sixth largest component of the NASDAQ Composite index and the only large company in the technology sector indicator that is not yet included in the S&P 500 index. Capitalization of the current market of Tesla ($ 389 billion) is higher than 95% of current S&P 500 companies, including Johnson & Johnson and Procter & Gamble. It formed 1.5% of the value of all companies included in the S&P 500, whose total capitalization is $ 27 trillion.<\/p>\n
S&P Dow Jones Indices refused to disclose the reasons for Tesla’s non-inclusion in the S&P 500. The reason could be, for example, mistrust of sustainable conservation prospects of profitability producer. Most companies do not enter in the S&P 500 after first achievable profitability for four quarters \u2013 but Tesla just did it for the first time in ten years in public status.<\/p>\n","protected":false},"featured_media":122899,"menu_order":0,"template":"","newscat":[9],"newstag":[28305,24453,28292,24364,27715,27717],"issues":[],"class_list":["post-122898","news","type-news","status-publish","has-post-thumbnail","hentry","newscat-novosti","newstag-nasdaq-composite-index","newstag-s-amp-p-500","newstag-sp-dow-jones-indices","newstag-tesla","newstag-yndeks-nasdaq-composite","newstag-indeks-nasdaq-composite"],"_links":{"self":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/news\/122898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/types\/news"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/media\/122899"}],"wp:attachment":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/media?parent=122898"}],"wp:term":[{"taxonomy":"newscat","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/newscat?post=122898"},{"taxonomy":"newstag","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/newstag?post=122898"},{"taxonomy":"issues","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/issues?post=122898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}