$TSLA hit a new all-time high today, as speculation grows that the company will soon join the S&P 500.
Shares of Tesla hit a new all-time high on Monday, extending the stock's record run, as investors continue to pile into the Elon Musk-led company.
Tesla CEO Elon Musk poses on the red carpet as he arrives for the 43rd "Golden Steering Wheel" awards on November 12, 2019 in Berlin.hit a new all-time high on Monday, extending the stock's record run, as investors continue to pile into the Elon Musk-led company. And as the company's valuation climbs ever higher, speculation is growing that the company will soon join the S&P 500.
Investors now believe that the company could report a fourth straight quarter of GAAP profits when it posts second quarter results on July 22, meaning it could be considered for inclusion in the S&P 500.
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