{"id":26424,"date":"2020-07-13T21:38:00","date_gmt":"2020-07-13T18:38:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tesla-stock-soars-as-sp-500-inclusion-appears-imminent\/"},"modified":"2020-07-13T21:38:00","modified_gmt":"2020-07-13T18:38:00","slug":"tesla-stock-soars-as-sp-500-inclusion-appears-imminent","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tesla-stock-soars-as-sp-500-inclusion-appears-imminent\/","title":{"rendered":"#Tesla stock soars as S&P 500 inclusion appears imminent"},"content":{"rendered":"

“#Tesla stock soars as S&P 500 inclusion app<\/a>ears imminent<\/strong>”<\/p>\n

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July 13, 2020 |<\/span> 2:38pm <\/p>\n

\n Shares of Tesla continued their seemingly endless growth on Monday, climbing as much as 14 percent as investors bet on the stock\u2019s possible inclusion in the S&P 500 index.<\/p>\n

Tesla reports quarterly earnings next week. If it posts a profit that meets general<\/a>ly accepted accounting principles, it will have four consecutive profitable quarters under its belt\u2013 a key metric for being added to the popular stock index.<\/p>\n

\u201cReally that\u2019s the only number that analysts are looking at in the upcoming earnings release,\u201d CFRA Research analyst Garrett Nelson told The Post of a potential Tesla profit. \u201c[Investors] are buying ahead of the earnings release in anticipation that index funds will have to add it.\u201d<\/p>\n

A spot on the S&P 500 would be yet another win for Tesla CEO Elon Musk, who has watched as his car company\u2019s stock price has skyrocketed more than 200 percent since the start of the coronavirus pandemic in the United States.<\/p>\n

Musk\u2019s net worth last week briefly surpassed that of legendary investor Warren Buffet, with Tesla\u2019s rally making him the 11th richest person in the world.<\/p>\n

But there is still some cause for concern surrounding Tesla. Nelson said he believes that shares \u201care starting to get ahead of themselves a little bit,\u201d pointing out that there is still a lot of investing that needs to happen for Tesla to build new factories in Germany and the US.<\/p>\n

\u201cThe stock is baking in this growth that hasn\u2019t even happened yet,\u201d he said. \u201cAnalysts just can\u2019t keep up with it at this point. I think it\u2019s above almost every price target that\u2019s out there.\u201d<\/p>\n

Nelson added that Tesla\u2019s recent decision to discount the price of the Model Y SUV just four months after releasing it is also a red flag to keep an eye on.<\/p>\n

Shares of Tesla were up 9.2 percent Monday afternoon, at $1,686.46. The stock reached the $1,000 per share mark in June.\n <\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Tesla stock soars as S&P 500 inclusion appears imminent” July 13, 2020 | 2:38pm Shares of Tesla continued their seemingly endless growth on Monday, climbing as much as 14 percent as investors bet on the stock\u2019s possible inclusion in the S&P 500 index. Tesla reports quarterly earnings next week. If it posts a profit that…<\/p>\n","protected":false},"author":1,"featured_media":26425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[37974],"class_list":["post-26424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-tesla-stock-soars-as-sp-500-inclusion-appears-imminent"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/26424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=26424"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/26424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/26425"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=26424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=26424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=26424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}