After the news of 16 was announced in the evening, Tesla's share price rose sharply in after-hours trading, exceeding 10%.
Tesla shares will become one of the biggest new heavyweights of the Standard & Poor's 500 in the past 10 years. Reuters predicted that the trading volume triggered by the index fund exchange is expected to reach 5 1 100 million USD. This means that the fund tracking the Standard & Poor's 500 will sell the existing Standard & Poor's 500 shares with a market value of about 5 1 billion dollars, and then use the money to buy Tesla shares. Tesla accounts for about 1% of the S&P 500.
Standard & Poor's Dow Jones Index Company said that in the past ten years, Tesla has the largest market value among the new shares in the Standard & Poor's 500 index, which means that passive investment funds tracking the Standard & Poor's 500 index need to sell shares worth about 5 1 billion dollars, and use these funds to buy Tesla shares, so that their portfolios can correctly track the index. Tesla will replace another existing S&P component, and the replaced component will be notified separately.
In addition, actively managed funds trying to outperform the S&P 500 will need to decide whether to buy Tesla shares. These active funds manage trillions of dollars in assets.
Even though S&P has officially announced the inclusion of Tesla, some analysts still believe that Tesla will bring greater downside risks to the S&P index. Investment research company new? David, CEO of Construction Company? Trainer said that Tesla is facing fierce competition in China and Europe, and its inclusion in the Standard & Poor's 500 Index will be a catalyst for large funds to sell shares and make profits.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.
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