• Tesla's S&P 500 entry could spark a $8 billion buying spree, Goldman Sachs says

    10 days ago - By Business Insider

    Summary List Placement
    Large-cap mutual funds are on the verge of fueling a massive rally for Tesla shares, Goldman Sachs said Thursday.
    The automaker is set to join the S&P 500 on December 21 as one of its 10 most valuable members.
    Of the 189 large-cap core funds tracked by Goldman, 157 funds managing roughly $500 billion don't yet hold Tesla stock, the bank said.
    If the funds aim to hold Tesla at benchmark weight when it joins the index, they will buy about $8 billion worth of shares soon after the automaker's inclusion, Goldman added.
    Watch Tesla trade live here .
    Tesla's planned...
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  • Tesla's S&P 500 entry could spark a $8 billion buying spree, Goldman Sachs says

    Tesla's S&P 500 entry could spark a $8 billion buying spree, Goldman Sachs says

    10 days ago - By Business Insider

    Elon Musk.
    Xinhua via Getty Images
    Large-cap mutual funds are on the verge of fueling a massive rally for Tesla shares, Goldman Sachs said Thursday. The automaker is set to join the S&P 500 on December 21 as one of its 10 most valuable members. Of the 189 large-cap core funds tracked by Goldman, 157 funds managing roughly $500 billion don't yet hold Tesla stock, the bank said. If the funds aim to hold Tesla at benchmark weight when it joins the index, they will buy about $8 billion worth of shares soon after the automaker's inclusion, Goldman added. Watch Tesla trade live here. Tesla's...
    Read more ...