Shares of US electric car manufacturer Tesla continue to rise sharply amid news of the company’s future accession to the S&P index. On Tuesday, November 24, the market value of Elon Musk’s company crossed the $ 500 billion mark for the first time.<\/p>\n
Tesla shares are said to have risen nearly 550 percent this year, helping Mask add $ 100.3 billion to his equity and overtake Bill Gates in the ranking of the rich, becoming the world’s second richest man with $ 127.9 billion.<\/p>\n
“Tesla shares rose by 4.1% on the New York Stock Exchange at the beginning of trading, reaching a record high of $ 543.17 per share and increasing its market capitalization to more than $ 506 billion,” – said in a statement.<\/p>\n
Tesla is due to join the S&P 500 on December 21. According to Goldman Sachs Group Inc., this could trigger a $ 8 billion demand from large-cap mutual funds.<\/p>\n
“Shares of electric car manufacturers and other related companies around the world are also happy to buy hoping that electric cars will dominate the automotive sector in the coming decades.<\/p>\n
Combined with Tesla’s high ratings, it pushes investors to lesser-known names that can benefit from the opportunities growth of the sector “, – analysts of Bloomberg point out.<\/p>\n","protected":false},"featured_media":125461,"menu_order":0,"template":"","newscat":[9],"newstag":[26320,30663,24453,24364,24365],"issues":[],"class_list":["post-125460","news","type-news","status-publish","has-post-thumbnail","hentry","newscat-novosti","newstag-elon-musk","newstag-goldman-sachs-group-inc","newstag-s-amp-p-500","newstag-tesla","newstag-ilon-mask"],"_links":{"self":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/news\/125460","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\/125461"}],"wp:attachment":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/media?parent=125460"}],"wp:term":[{"taxonomy":"newscat","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/newscat?post=125460"},{"taxonomy":"newstag","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/newstag?post=125460"},{"taxonomy":"issues","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/issues?post=125460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}