After a turbulent 12 months that saw Tesla’s share price soar by more than 500 percent, the world’s most valuable car maker will soon be added to the S&P 500 index. Tesla will be one of the largest additions ever to the S&P 500, prompting S&P Dow Jones, the company operating the index, to contemplate adding the stock in two tranches rather than all at once.
As the following chart shows, Tesla will be a heavyweight on the market cap weighted index from the go, with its current market cap of $419 billion placing it among the top 10 companies included in the S&P 500. With the first five spots all taken by major tech companies, Tesla would currently slot in between Walmart and Visa in eighth rank.
This chart shows the market cap of the 10 largest companies included in the S&P 500 index.
