• S&P Global announced on Monday that Tesla will join the S&P 500 effective prior to trading on Monday, Dec. 21.

S&P Global announced on Monday that Tesla will join the S&P 500 effective prior to trading on Monday, Dec. 21.

Shares of Tesla spiked more than 9% on the news.

S&P Global said that Tesla will announce the company Tesla is replacing in the S&P 500 at a later date.

This is breaking news. Please check back for updates.

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