# CNBC Reports Tesla Going S&P 500 Folks!

- Link: https://greenlivingguy.com/2020/07/cnbc-reports-tesla-going-sp-500-folks/
- Published: 2020-07-11T23:55:20-04:00
- Author: greenlivingguy

![Tesla is going S&P 500! Let's hear it folks. For Wall Street’s most controversial
stock and one of my favorites is about to go mainstream. That's because Tesla it
appears on the verge of joining the S&P 500. Dude it's a major accomplishment. Es](
https://i0.wp.com/greenlivingguy.com/wp-content/uploads/2019/03/img_7269.jpg?resize
=300%2C200&quality=52&ssl=1)

Elon Musk

Tesla is going S&P 500. This CNBC story in partnership with

Let’s hear it folks. For Wall Street’s most controversial stock and one of my favorites
is about to go mainstream.

That’s because [Tesla](https://www.cnbc.com/quotes/?symbol=TSLA) it also appears
is on the verge of being a league of their own.  For Tesla is joining the S&P 500.
Dude I can’t even tell you how big this is.

it’s so so so a major accomplishment. Especially for Chief Executive Officer [Elon Musk](https://www.cnbc.com/id/100987750)
that will unleash a flood of new demand for Tesla motors. For the [electric car maker’s shares](https://greenlivingguy.com/2019/02/cnbc-reports-tesla-motors-institutional-shareholder-just-upped-the-anti/)
have already surged 500% over the past year.

Higher-than-expected second-quarter vehicle deliveries, announced last week, have
analysts increasingly confident the company will show a profit in its quarterly 
report on July 22. That would mark Tesla’s first cumulative four-quarter profit,
a key hurdle to be added to the S&P 500.

I mean they are scaling up! As I’ve written before:

If it seems like there is more [news about Tesla than any other car](https://greenlivingguy.com/green-living-resources-eco-friendly-products/electric-car-news/)
company, that’s only because it’s true. More new stuff swirls around the Land of
Tesla every day than at most companies in a month — or a year! As the Model 3 nears
its first public showing later this week, Tesla is making one move designed to further
separate the Model S from its lower priced sibling. It is discontinuing the entry
level Model S 75 with rear-wheel drive.

In conclusion and with a market capitalization of about $250 billion. Wow so wow.
Because Tesla would be among the most valuable companies ever added to the S&P 500,
larger than 95% of the index’s existing components. It would have a major impact
on investment funds that track the index.

For the entire [story](https://www.cnbc.com/2020/07/10/tesla-appears-poised-to-electrify-the-sp-500.html)

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 greenlivingguy

 The Green Living Guy, Seth Leitman is an independent power producer, a green living
expert, and Editor of the McGraw-Hill, TAB Green Guru Guides. Seth is also an Author,
Radio Host, Reporter, Writer and an Environmental Consultant on green living. The
Green Living Guy writes about green living, green lighting, the green guru guides
and more. Seth's books range from: # Build Your Own Electric Vehicle by Bob Brant
and Seth Leitman (2nd and 3rd editions) # Build Your Own Plug-in Hybrid Electric
Vehicle by Seth Leitman # Build Your Own Electric Motorcycle by Carl Vogel # Green
Lighting by Seth Leitman, Brian Clark Howard and Bill Brinsky # Solar Power For 
Your Home by David Findley # Renewable Energies For Your Home by Russel Gehrke #
Do-it-Yourself Home Energy Audits by David Findley # Build Your Own Small Wind Power
System by Brian Clark Howard and Kevin Shea # and more green living books to follow.

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