Source: Tesla Didn’t Join the S&P 500, but Three Others Did | Barron's S&P Global (ticker SPGI) announced changes to the Index Friday evening. Going into the S&P 500 are Teradyne (TER), Etsy (ETSY) and Catalent (CTLT). Leaving are H&R Block (HRB), Coty (COTY) and Kohl’s (KSS). I'm more interested in Giga Berlin and Giga Austin. The S&P500 may find that without Tesla, they are living with an elephant in the room. Bob Wilson
Just wondering what being included in the S&P500 would do for Tesla? Would they gain anything beneficial or financial from the inclusion? Is the S&P just a Big Boys Club and an ego boost? I trust Tesla will do just fine without the label. With Musk's total disdain and disgust for the SEC and oversight authorities, I'm not surprised that being passed up might have something to do with Musk's attitude.
In one respect, Tesla avoided a bidding war between S&P500-like fund managers. Combine that with the recent $5B stock issue, TSLA became affordable. So I've replaced some of my $416/share (post split) with $350/shares. Regardless, I've already got a limit-buy order pending. Bob Wilson ps. Don't let @bisco know.
TSLA is volatile. The good news are the occasional good deals BUT if you don’t know the basics, treat it like poison ivy. Bob Wilson
looks like ark loaded upon the 20% dip yesterday. they sold a bunch not too long ago at a high price to rebalance their portfolio
Almost all stocks get a bump from being in the S&P due to the fact that there are many many funds that have to track what is in the S&P. This obviously means more buyers, and long holders at that. Higher stock price helps Tesla raise more capital at a cheaper rate if needed. Also helps in other intangible ways.
me too. will i pull the trigger? most likely, i'll hunker down at that point, peaking out from under my rock
