I love all of this, excepting the 12.5B raised.
Like, why so much? What do they need to sit on 20B in the bank for, when they're gaining a profit each quarter?
I think when S&P 500 inclusion happens the mutual funds will
beg TSLA to issue more stock; something between at least $10B and $20B, so I chose toward the lower amount. So TSLA will acquiesce, and negotiate S&P or the mutual funds or the banks paying the fees or getting reduced fees or something.
What can they do with $20B? I don't know.
Most of my thoughts about S&P inclusion are based on what I read in the investor discussion board, where there is a tug of war between "TSLA should issue zero new stock" to "they should issue as much as the index funds ask for"
But first let's work backwards to the guy who invests in a passive S&P index fund.
He has a 401k account through his job, and he knows that he should dollar cost average and just sock away the max into the Vanguard S&P 500 index fund that is one of the choices of mutual funds every week.
He's heard of Tesla, and he sees a headline that TSLA stock keeps going up, and it is the 27th largest company in the world! He thinks to himself; "Great! That stock must be in my S&P 500 mutual fund account, I'm getting a piece of that rise in value."
So how does he feel when he finds out that TSLA is not a part of his investment?
Not too happy, and hopefully he complains to somebody; his boss, Vanguard, Standard and Poors.
So, Standard and Poors needs TSLA more than TSLA needs Standard and Poors. It's not a matter of S&P
letting TSLA in.
Personally I don't care about S&P 500 inclusion. It's not like that is going to make or break TSLA. Tesla surviving Model 3 production hell was more important. Tesla acting on the vision of sustainable transportation and energy, and making a profit is more important. The only benefit I can see is that maybe S&P 500 inclusion ends the TSLA stock manipulation shenanigans.