S&P 500 adds three companies not named Tesla — ‘a bit of a shocker,’ analyst says

S&P Dow Jones Indices announced Friday afternoon that it will add three companies to the S&P 500 SPX, -1.74% — Catalent Inc. CTLT, -0.23% , Etsy Inc. ETSY, +1.22% and Teradyne Inc. TER, -1.19% Tesla Inc. TSLA, -16.61% was thought to be in line for the addition after announcing a fourth consecutive quarter of profitability, a requirement of the index, which many observers cited as a reason for a gigantic increase in the electric-car company’s stock in recent weeks.

When reached Friday, Ives said, “The Champagne was on ice to get into the S&P 500, [it] was baked into shares.” Ives reiterated his neutral rating on Tesla shares in a note later Friday. Only 22% of sell-side analysts tracked by FactSet consider Tesla a “buy” as of Friday afternoon, which was actually an increase from earlier in the week, but still well lower than other stocks in the S&P 500 index.

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Tesla stock tanks after the automaker's surprise exclusion from the S&P 500 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Every now and then either owner or comapany, do something which hit the market below the belt, making wipe off huge monies I’m not sure it was a surprise.... Sketchy accounting, fake profits, 1000x earnings, blatant bubble stock with a CEO that’s already been fined once for stock price manipulation..... He and his company are overrated. He had burned up Billions of his own and investors cash.
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