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Provided by Dow Jones
By Gunjan Banerji and Michael Wursthorn Die-hard Tesla Inc. investors are feeling vindicated: The stock is extending its relentless run, and the company is set to join the S&P 500, the most widely tracked stock benchmark in the world. Many are even buying more shares. Tesla has surged 731% this year and reached a record high Friday, padding the wallets of investors who have poured their savings into both the stock and the company s electric cars. The rally has accelerated since S&P Dow Jones Indices said it would add Tesla to the benchmark. The shares are up 70% since Nov. 16 and will enter the S&P 500 on Monday.
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