Tesla Motors Makes the NASDAQ-100 Index

Tesla Motors Makes the NASDAQ-100 Index

Soaring Stock Prices Take Tesla Up Another Notch With a market capitalization of approximately $12.8 billion, Tesla Motors is one of just a handful of companies in the automotive genre (such as O-Reilly Automotive and Paccar) now listed on the NASDAQ-100 Index.

 

A great year has become even better for Tesla Motors- after soaring stock prices this year which allowed the company to pay off debts as well as raise a large amount of capital, it has recently been announced that TSLA will join the NASDAQ-100 Index (a list of the 100 largest non-financial companies on the NASDAQ) on July 15.

 

With a market capitalization of approximately $12.8 billion, Tesla Motors is one of just a handful of companies in the automotive genre (such as O-Reilly Automotive and Paccar) now listed on the NASDAQ-100 Index.

 

 

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Of course given the index’s title, only 100 stocks can be listed on the NASDAQ-100 at any given time, with changes to the listings fluctuating from just 10 in 2011 to about 24 in 2012. In order to make room for Tesla the unlucky victim this time is computer technology company Oracle Corporation, which will be moved to the New York Stock Exchange. If Tesla Motors hopes to hang onto its exclusive spot on the 100 Index, it will have to continue to match this year’s stellar performance.

 

Source: AutoBlog.com

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