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What will happen when Tesla hits the S&P 500 – The Australian Financial Review
Elon Musk’s company would be the largest added to the index, the benchmark for managers of $15 trillion of investments, so expect its inclusion to make waves.
Theres no template to follow for Vanguards two dozen US traders plus a team of analysts who work on keeping transaction costs down when it comes to efficiently handling a stock as big and volatile as Tesla. Nor is it easy to predict the ripple effects in the overall market.
A shift in the index composition could be announced any time. The addition theoretically could happen along with the departures of E*Trade Financial or Tiffany & Co, which are being acquired, or as part of a routine quar…
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