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
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