Many have asked if $TSLA split helps its S&P 500 chances. Let’s be clear: S&P’s decision to add TSLA has already been made. It’s now about timing, who exits the S&P 500 and S&P 100, and liquidity.
IMO, the S&P announcement is imminent, and the hold up is deciding who exits.
IMO, the S&P announcement is imminent, and the hold up is deciding who exits.
I believe S&P will add $TSLA before the 8/31 stock split, given that stocks generally rise after splits, and likely upward momentum into Battery Day, which S&P is surely aware of. Since 2017 YE, S&P has not gone more than 64 days without a change to the 500. Today is Day 61.
Deciding who exits S&P100 may be harder than who exits S&P500, given names that have generally done well. Post split, $TSLA and AAPL will become the two most actively traded stocks. TSLA should follow AAPL higher into the split, and then rocket higher post-split into Battery Day.
