Shares of Tesla Inc. TSLA,
sank 5.6% in pre-market trading, until the end of last week, due to the closing of the consecutive record on Wall Street, when it was preparing to see the giant electric vehicle manufacturer finally included to the coveted S&P 500 SPX
Shares rose 11.6% in the past two days to Friday’s record close of $ 695.00, as funds following the benchmark seemed to add shares ahead of Friday’s close, when the inclusion it was official. As MarketWatch’s Claudia Assis reported, citing Bernstein analyst Toni Sacconaghi, there is a precedent for stocks to accelerate before the inclusion of the S&P 500, but there isn’t much history of overshoots after the inclusion. Tesla’s market cap at Friday’s close was $ 658.79 million, making Tesla the company’s six-month value of the S&P 500.