Thread by @BiIndia

#Tesla will join the S&P 500 in December after being snubbed earlier this year

#teslastock

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#ElonMusk gets richer by $15 billion on #Tesla’s S&P inclusion — set to become the world’s third-richest person, leapfrogging #MarkZuckerberg

#teslastock

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By @navdeepyadav321

Billionaire #Tesla CEO is set to become the world’s third-richest person after his net worth rose by over $15 billion in extended trading, on Monday, according to Bloomberg.

#ElonMusk #teslastock

The Bloomberg Billionaires Index put Musk’s estimated net worth at $102 billion at the end of Monday.

#ElonMusk #Tesla #teslastock

The jump in his fortune came after the stocks of the electric car-maker #Tesla soared more than 13% after S&P Global said that shares of the #ElonMusk-owned company would be added to the S&P 500.

#teslastock

Musk is currently the world’s fourth wealthiest man, and with this addition he is set to overtake #MarkZuckerberg, who currently has a networth of $106 billion.

#ElonMusk #Tesla #teslastock

#Tesla shares listed on #NASDAQ have gained over 374% of its actual value on January 1, till date. Tesla which has a market cap of $390 billion will officially join the benchmark index prior to trading on December 21, the S&P Dow Jones Indices said in a statement.

#ElonMusk

It is a milestone for #Tesla that will expand its investor base and put the electric automaker in the same league as Apple, Berkshire Hathaway and Microsoft.

#ElonMusk #teslastock

“#Tesla will be one of the largest weight additions to the S&P 500 in the last decade, and consequently will generate one of the largest funding trades in S&P 500 history,” S&P said in a statement.

#ElonMusk #teslastock