Tesla is set to join the US benchmark S&P 500 stock index on Monday. On Friday, the shares popped almost 6% to a new record, as funds tracking S&P bought up stock worth an estimated $80B ahead of the firm’s inclusion. With a market cap of more than $600B, Tesla now ranks as the most valuable car maker in the world and the sixth most valuable company on Wall Street.
We don’t like anyone to succeed anymore yet we all still want wondrous inventions and nifty things that make our lives easier. That show poorly on us.
Good for Elon. This will only push him to continue creating awesome things that push the tech industry forward.