Citadel trading chief says Tesla poses risk to other S&P 500 stocks
Citadel trading chief says Tesla poses risk to other S&P 500 stocks As funds that track the benchmark add the carmaker’s shares, they will dump an equal amount of stock in existing members, producing intense selling pressure December 18, 2020 4 MINS Tesla Inc.’s historic entry into the S&P 500 could be bad news for shareholders of some other stocks in the index — at least temporarily. Funds that mimic the benchmark are set to buy more than $70 billion of the carmaker’s shares and dump an equal amount of stock in existing members, producing intense selling pressur...