Business
Tesla value jumps $US40b as it prepares for S&P listing – The Australian Financial Review
Shares of Tesla Inc rose as much as 12 per cent after S&P Dow Jones Indices confirmed the company would be added to Wall Street’s main index from December 21.
Shares of the carmaker, which have risen more than five-fold this year, were up 11 per cent at $US453.42 ($621), and it was the eighth most traded stock, soon after opening in New York.
That valued Tesla at about $US430 billion ($589 billion), more than the whole S&P gained on Monday after news emerged of successful COVID-19 vaccine trial data from Moderna.
Bolstered by a decade of stock market gains, the combined market capitalisation of the S&P 500 now totals close to $US32 trillion, and S&P DJI…
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