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Tesla wasn't already in the S&P 500? Even at the more sane $100 share price, that would put it at ~$20 billion market cap, well above about two fifths of the ex
by SilasX 6y ago
Tesla wasn't already in the S&P 500? Even at the more sane $100 share price, that would put it at ~$20 billion market cap, well above about two fifths of the existing S&P 500 companies.
Source: Sortable list last updated July 7: https://fknol.com/list/stock-list-sp-500-index.php https://fknol.com/list/stock-list-sp-500-index.php
- boramalper 6y agoCompanies must be profitable in the past four quarters to be qualified for inclusion; I might be wrong though.
- cj 6y agoCompanies need a straight year of profitability to be included in the S&P 500. Tesla has only had 3 quarters in a row profitable. If their upcoming quarter turns a profit, that will make 4 consecutive quarters.
- snarf21 6y agoIt is more than just market cap that lets you into the S&P. There are also other rules. Tesla is projected to pass the GAAP positive earnings test soon. A committee selects each of the index's 500 corporations based on their liquidity, size, and industry. It rebalances the index quarterly, in March, June, September, and December. To qualify for the index, a company must be in the United States, have an unadjusted market cap of at least $8.2 billion. At least 50% of the corporation's stock must be available to the public. Its stock price must be at least $1 per share. It must file a 10-K annual report. At least 50% of its fixed assets and revenues must be in the United States. Finally, it must have at least four consecutive quarters of positive earnings.