At $400 billion or more, Tesla's market capitalization should amount to more than 1% of the total value of the companies listed on the S&P 500, potentially making it the biggest ever addition to the index. "Potentially one of the pushbacks on adding Tesla to the S&P was the elevated stock price," Credit Suisse analyst Dan Levy wrote in a note. That valued Tesla at about $430 billion, more than the whole S&P gained on Monday after news emerged of successful COVID-19 vaccine trial data from Moderna Inc. Bolstered by a decade of stock market gains, the combined market capitalization of the S&P 500 now totals close to $32 trillion, and S&P DJI data at the start of this year showed investments indexed to it reached $4.6 trillion. Yahoo's market capitalization at the time was only $56 billion.

Source: Mint November 17, 2020 15:22 UTC