About: http://data.cimple.eu/news-article/9dc713f87922adb83b063298260bf96ef52f5552dc04e71f52dbc2eb

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About: http://data.cimple.eu/news-article/9dc713f87922adb83b063298260bf96ef52f5552dc04e71f52dbc2eb Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Elon Musk's rising electric car powerhouse Tesla reached another landmark Monday when it officially qualified for the prestigious S&P 500. The California-based automaker will join the broad-based market index on December 21, S&P Dow Jones Indices announced Monday, prompting another wave of affection for Tesla stock. Shares surged 11.5 percent to $455.00 in after-hours trading. The stock has more than quadrupled this year as Tesla has built and delivered more electric autos, and Musk has wowed Wall Street with targets for further breakthroughs. The announcement marks Tesla's arrival as a consistently profitable company after building up losses in its first nine years as a public company. Tesla has reported $451 million in profits through the first nine months of 2020. Moving into the S&P is a marker of prestige and also boosts valuation because some mutual funds and other investment vehicles are linked to the benchmark. With a market capitalization of almost $387 billion, Tesla will be among the biggest companies in the index. As a result, the index is "seeking feedback through a consultation to the investment community to determine if Tesla should be added all at once on the rebalance effective date, or in two separate tranches," S&P Dow Jones Indices said. jmb/cs
schema:headline	Tesla to join S&P 500, shares surge
schema:mentions	Market capitalization S&P 500 Index Initial public offering Electric car Tesla Model 3 Elon Musk CME Group Extended-hours trading
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-11-16 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	74 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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