> And, while there's certainly some intrinsic value in an S&P 500 listing - as an advertising device, if nothing else - it's hard to imagine that it's worth $50

> And, while there's certainly some intrinsic value in an S&P 500 listing - as an advertising device, if nothing else - it's hard to imagine that it's worth $50bn The value of being in an index is that 80% of the market is passive investing, most of which tracks indices. If TSLA were added to the S&P500, all of these index-tracking funds would have to buy it in order to continue to track the index