Infotech

Tesla makes a big splash among S&P 500 heavyweights



Posted on Dec. 2020 at 14:01Updated 21 Dec. 2020 at 14:05

For Elon Musk, it is a consecration. Tesla, the electric vehicle maker he has led since 2008, is listed in Wall Street’s most prominent stock index on Monday, the S&P 500. An entry with fanfare. Never has the index which brings together the top 500 US capitalizations hosted a company that weighs so heavily on the stock market. Until then, the record was held by Berkshire Hathaway. Warren Buffett and Charlie Munger’s investment firm was included in the S&P 500 in 2010 with a capitalization three times smaller than that of Telsa.

After soaring 730% since the start of the year, the value of the manufacturer of electric vehicles exceeds 650 billion dollars. It is thus directly propelled into the club of megacaps of the flagship Wall Street index, in sixth place, just behind Apple (more than $ 2.150 billion in capitalization), Microsoft (about 1.650 billion), Amazon (1.610), Alphabet, the parent company of Google (1,170) and Facebook (787 million).

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