NEW YORK, Nov. 30, 2020 /PRNewswire/ -- S&P Dow
Jones Indices ("S&P DJI") has determined it will add Tesla Inc.
(NASD: TSLA) to the S&P 500 at its full float-adjusted
market capitalization weight effective prior to the open of trading
on Monday, December 21, 2020.
As announced on November 16, 2020,
S&P DJI conducted a consultation with market participants
regarding the implementation of the addition of Tesla to the
S&P 500. During the consultation, which closed on November 20, 2020, S&P DJI received a variety
of feedback, including implementation suggestions beyond those
proposed in the consultation.
In its decision, S&P DJI considered the wide range of
responses it received, as well as, among other factors, the
expected liquidity of Tesla and the market's ability to accommodate
significant trading volumes on this date. After the market close on
Friday, December 11, pro-forma files
will be distributed, and a press release will be published
announcing which company Tesla will replace in the S&P 500.
For more information about S&P Dow Jones Indices, please
visit www.spdji.com.
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for
essential index-based concepts, data and research, and home to
iconic financial market indicators, such as the S&P
500® and the Dow Jones Industrial Average®.
More assets are invested in products based on our indices than
products based on indices from any other provider in the world.
Since Charles Dow invented the first
index in 1884, S&P DJI has been innovating and developing
indices across the spectrum of asset classes helping to define the
way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE:
SPGI), which provides essential intelligence for individuals,
companies and governments to make decisions with confidence. For
more information, visit www.spdji.com.
FOR MORE INFORMATION:
S&P
Dow Jones Indices
index_services@spglobal.com
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SOURCE S&P Dow Jones Indices