Early bird prices are coming to an end soon... ⏰ Grab your tickets before January 17

This article was published on July 13, 2020

Tesla just became a top 10 US company, but it’s still not in the S&P 500

Tesla's now worth more than Procter and Gamble


Tesla just became a top 10 US company, but it’s still not in the S&P 500

Tesla stock surged again on Monday, this time by more than 12% to reach an intraday high of $1,792.

Now, not only is Elon Musk’s electricity wunderstock absolutely the most valuable automaker in the world, but its $320 billion market value places it ahead of consumer goods giant Procter & Gamble, and inside the top 10 public companies in the US.

tesla, stock
Tesla is the dark green line at the bottom (year-to-date chart made with Flourish). Top 10 S&P 500 list as of 6/30/2020.

To say that Tesla has performed well this year is a serious understatement. After all, $TSLA started 2020 at $424.50, and it’s worth $1,733 at pixel time  a 310% increase in a little more than six months.

[Read: Watch Tesla’s meteoric rise — set to techno-remixed Elon Musk tweets]

But while Tesla has featured prominently in the tech-heavy NASDAQ 100 stock index since 2013, $TSLA is noticeably absent from the S&P 500; a wider set of US-listed stocks commonly used as a benchmark for the entire US market.

tesla, stock
A sign in Tesla’s Google chart today.

The real question is: How much does Tesla have to pump before it gets the S&P 500 nod? Well, Reuters asked an S&P spokesperson quite recently about that, but they refused to comment.

Something tells me that’s about to change.

Get the TNW newsletter

Get the most important tech news in your inbox each week.

Also tagged with