Tesla to replace Apartment Investment and Management in the S&P 500 Index

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Apartment Investment and Management Co will be removed from the S&P 500 as of Dec. 21 to make room for the inclusion of Tesla Inc, S&P Dow Jones Indices said on Friday.

FILE PHOTO: The Tesla logo is seen at the entrance to Tesla Motors' showroom in Manhattan's Meatpacking District in New York City, U.S., December 14, 2017. REUTERS/Brendan McDermid/File Photo

The company has a market value of about $6 billion and its stock is down 21% this year. By contrast, Tesla’s stock market value stands at around $600 billion, and its shares are up 600% year-to-date. Adding Elon Musk’s Tesla to Wall Street’s most followed benchmark will force index funds to buy over $70 billion worth of its shares, while simultaneously selling shares of other S&P 500 constituents.

 

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SeditiousGOP ban them from public service SeditiousSeventeen Donald Trump can not hijack our government & be a dictator TrumpSedition wutings these Republicans should be prosecuted for Sedition ACT Transition46 SpeakerPelosi GOPBetrayedAmerica

You mean ElonMusk(LoneSkum) sex trafficking and drug running!Apart-men-T(criminals) And Man-age-men-T=AIM for his criminals! Far more time for premeditated serial murderers and premeditated TreasonousTerrorism!

So do you think $TSLA or $AIV will have a superior total return over ensuing 3, 5, 10 years, starting Jan 1, 2021?

I remember all the 'experts' laughing at Tesla. 'It has no chance' they told us. experts

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