Geshi Auto News? According to foreign media reports, on November 16, after the Standard & Poor's Dow Jones index announced that Tesla would join the S&P 5 index, the share price of this electric car manufacturer rose 9% in after-hours trading. For Tesla CEO Elon musk (Elon? Musk) and the shareholders of the company, this is an important victory.

Model? S (Source: Tesla)

The Standard & Poor's Dow Jones Index said in a press release that Tesla will join the S&P 5 before the market opens on December 21st. Standard & Poor's Dow Jones Index said that due to the huge market value of Tesla, they will consult investors whether the company should join once or twice. With a market value of more than $38 billion, Tesla has become one of the most valuable companies on Wall Street.

To join the S&P 5 index, an enterprise must be headquartered in the United States, listed on the new york Stock Exchange, Nasdaq or CBOE, and have a market value of more than $8.2 billion. In addition, enterprises must achieve profitability for four consecutive quarters.

in p>22, with its advanced electric vehicle technology, battery improvement and overall growth in demand and delivery, Tesla's share price rose sharply. The company is currently focusing on building new factories in the United States and Europe to meet the needs of consumers. In addition, the company has made profits for five consecutive quarters, and the production and delivery volume in the latest quarter also set a new record.

Tesla's inclusion in this widely watched stock market index means that investment funds tracking the S&P 5 will have to buy billions of dollars worth of Tesla shares.

This article comes from the author of Chejia, car home, and does not represent car home's standpoint.