Tesla's entry to S&P 500 costs investors $45bn
Interested in ETFs? Visit our ETF Hub for investor news and education, market updates and analysis and easy-to-use tools to help you select the right ETFs. Tesla’s entry into the S&P 500 has cost investors tracking or benchmarked against the index of blue-chip US stocks more than $45bn since December. The electric vehicle pioneer was already the world’s seventh-largest listed company when it was finally admitted to the S&P at the end of 2020 — more than a decade after entering some other indices such as the Russell 1000. Its stock had rallied 764 per cent in the 12 months beforehand —...