Here ye here ye, It has come to my attention that Tesla, if it generates a profit this quarter, can qualify for sp500 inclusion. I’ve never really paid attention to that kind of crap having watched red hat join and not do much with price over the next month. someone was so kind to point out to me that what needs to be paid attention to is what happens after the earnings report that allowed the company to qualify. Similar such people also suggest that due to such a large market cap, 60B worth of Tesla would need to be purchased by big players. 60B??? wonder what that would do to price? examples I had been looking at near the inclusion date saw 50% up moves after qualifying earnings...
"Reading is fundamental". https://www.spglobal.com/spdji/en/documents/methodologies/methodology-sp-us-indices.pdf
https://finance.yahoo.com/news/tesla-track-beat-q2-deliveries-011053409.html How did he do it again!?!