Tesla to join elite S&P index, shaking up Wall Street
NEW YORK: Tesla is set to join an elite group of companies in a key Wall Street index, a move which gives greater prominence to the high-flying electric carmaker and forces money managers to reshuffle their portfolios. The company founded by Elon Musk becomes part of the Standard & Poor’s 500 index on Monday, which means that investment funds based on that index will be holders of the stock.