$TSLA finally admitted to S&P 500

[Medved_77]

Tesla to Be Added to S&P 500 Index

Share price predictions?

Personally, I feel that the admission is mostly baked into the current share price. Might see a short spike.

Having said that, after market trading is currently at $461, market closed at $408 today.

 

[Mr Miserable]

I would expect a decent rise - funds will have to buy a lot of shares.

 

[Gamemeister]

500 for christmas

 

[Sparkeur]

500 for christmas

I think that's a safe bet as it's already 461 in after hours

 

[Zakalwe]

Plus there'll be another short squeeze. There's 47.8 million shares currently being shorted so there's going to be pressure to cover those positions. It won't be anywhere near the squeeze that we saw in the last 12 months but it will be there.

 

[Rob R]

Tesla to Be Added to S&P 500 Index

Share price predictions?

Personally, I feel that the admission is mostly baked into the current share price. Might see a short spike.

Having said that, after market trading is currently at $461, market closed at $408 today.

It was baked in originally, for September entry, but when that did not happen the price softened. Now back to where it was, although aftermarket trading is not super reliable. Note that the market is still predicting, not yet experiencing, the S&P purchasing push.

 

[Mr Miserable]

It was baked in originally, for September entry, but when that did not happen the price softened. Now back to where it was, although aftermarket trading is not super reliable. Note that the market is still predicting, not yet experiencing, the S&P purchasing push.

At the end of the day the funds still have to buy the shares, lots of them, no matter how much it has been
anticipated. The situation is bizarre in that it has been unusually pre-announced and the length of time before admittance is huge. It could be argued that it will distort the market. Plenty of time for a retraction? I just hope Elon keeps quiet.....

 

[s88ats]

At the end of the day the funds still have to buy the shares, lots of them, no matter how much it has been
anticipated. The situation is bizarre in that it has been unusually pre-announced and the length of time before admittance is huge. It could be argued that it will distort the market. Plenty of time for a retraction? I just hope Elon keeps quiet.....

STONKS

 

[Durzel]

Can we have all of this in one thread so I can stop beating myself up over not getting any shares back in March (or to date)? Thanks.

 

[ringi]

Seem like Tesla should sell shares directly to the funds and use the money for the next handful of maga factories.

 

[Zakalwe]

At the end of the day the funds still have to buy the shares, lots of them, no matter how much it has been
anticipated. The situation is bizarre in that it has been unusually pre-announced and the length of time before admittance is huge. It could be argued that it will distort the market. Plenty of time for a retraction?

I'm guessing that this is why they knocked it back first in September. it gives the index a chance to work out the logistics and the details. Mind you, it took 3-4 quarters to admit Facebook, so this isn't really setting a precedent.

I just hope Elon keeps quiet.....

The guy is a genius, but in some subjects he really is the dumbest smart guy in the room. He talked BS about COVID (the irony of him now having it is real), he got smacked by the SEC for his "funding secured" Tweet. I'm really hoping for two things here:

1. He keeps his job shut about the S&P
2. His COVID infection remains minor and/or he doesn't develop a long-term debilitating version of long COVID. The world needs more people like Musk, not fewer.

 

[tomorrowman]

Seem like Tesla should sell shares directly to the funds and use the money for the next handful of maga factories.

Terrible idea (says the existing share holder )

 

[NewbieT]

I’m not fully market savvy. Wouldn’t the funds have forward contracts in hand and just exercise the option? I.e. S&P already priced in.

 

[NewbieT]

Can we have all of this in one thread so I can stop beating myself up over not getting any shares back in March (or to date)? Thanks.

Don’t beat yourself up. I sold a share yesterday to fund a new iPad. Doh.

 

[MP3Mike]

I'm guessing that this is why they knocked it back first in September. it gives the index a chance to work out the logistics and the details.

But they haven't worked out the details yet. They are asking for advice on how to handle it and are saying they will release the details on November 30th...

 

[zayn]

if you still want EV's shares plenty of others which still affordable to jump in NIO, XPEV, NKLA

Can we have all of this in one thread so I can stop beating myself up over not getting any shares back in March (or to date)? Thanks.

 

[Zakalwe]

if you still want EV's shares plenty of others which still affordable to jump in NIO, XPEV, NKLA

And if you buy NKLA you need your head checking.
That con-man outfit is going to drop like a stone once their exec team can offload their shares on December 3rd

 

[Medved_77]

$480 currently!!

Higher than yesterday at any point. Must be some non-Tesla factors at play.

Edit:
Tesla (TSLA) gets boost from Morgan Stanley over eyeing revenue from software services - Electrek

 

[Medved_77]

And that's $TSLA at an all time high, having just gone past $500 per share (adjusted).

 

[beansnchips]

Just out of curiosity, what other (similar) stock do other people hold for medium to long term? I'm looking at NIO (although probably missed the starting line) but not researched enough.

I've always been interested in investing as a means of self-managing my own pension so happy to sit things out and hold long-term so direction of a company is important.