Is Tesla On Track To Join The Elite S&P 500 Index This Year?
Zacks Investment Research | Feb 02, 2020 08:52PM ET
Tesla (NASDAQ:TSLA) has had a significant impact on the auto industry, which is witnessing digital transformation. It has an ambitious vision for a future of electric and autonomous vehicles, which is highly encouraging. Notably, since its IPO in 2010, Tesla has skyrocketed 2,623%, breezing past the S&P 500’s 224% total return during the decade. Over the past few months, the stock has been on a tear. This streak of the electric vehicle (EV) pioneer continued in fourth-quarter 2019, wherein it easily topped earnings and revenue estimates.
January 2020 was Tesla’s best month since 2013, wherein it added $40 billion in market capitalization. The company, which is currently valued at more than $115 billion, zoomed past the combined value of General Motors (NYSE:GM) and Ford (NYSE:F) . Tesla is currently the second-most valuable car manufacturer, just behind Toyota Motor (NYSE:TM) . While Tesla has taken the financial markets by storm with its breathtaking rally and achieved various milestones, one key question remains: When will this Zacks Rank #3 (Hold) company enter the prestigious S&P 500 club? You can see Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.