After seeing its share price rally for large parts of the year, boosted further by a five-for-one stock completed in August, Tesla was added to the S&P 500 index on Monday. The electric car maker saw its share price soar by almost 700 percent this year, lifting its market cap from $75 to more than $600 billion in less than 12 months.
As the following chart shows, Tesla outperformed the overall market by an incredible margin in 2020. Even though the S&P 500 is having a remarkably good year considering the circumstances, its 14 percent return so far can’t hold the candle to Tesla’s ludicrous run in 2020.
This chart compares Tesla’s stock performance in 2020 to the S&P 500.
