![](https://static.wixstatic.com/media/87060e_cd1e2ac5b6644b998f9401d1613435b1~mv2.jpeg/v1/fill/w_147,h_184,al_c,q_80,usm_0.66_1.00_0.01,blur_2,enc_auto/87060e_cd1e2ac5b6644b998f9401d1613435b1~mv2.jpeg)
This article is published in collaboration with Statista
by Felix Richter
After a turbulent 12 months that saw Tesla’s share price soar by more than 700 percent, the world’s most valuable car maker was added to the S&P 500 index on Monday. Tesla was by far the largest addition ever to the S&P 500, causing a trading avalanche in the run-up to its entry. On Friday alone, more than 220 million Tesla shares changed hands as index funds tracking the S&P 500 built up their positions in the stock.
As the following chart shows, Tesla joined the market cap weighted index as an instant heavyweight. Its current market cap of $616 billion places the company among the top 10 companies included in the S&P 500. With the first five spots all taken by major tech companies, Tesla currently slots in behind Facebook in sixth position.
Start leaning Data Science and Business Intelligence tools: