Share:
Written by Matt Whittaker, Ticker Tape Contributor
Say there’s a company that, over the past 15 quarters has lost money more often than not, and whose stock trades at a trailing price-to-earnings (P/E) multiple of over 1200. Could it be worthy of investor attention?
If the name is
Tesla Inc (NASDAQ: TSLA), the answerer is a resounding “yes.” And the spotlight on the company has only brightened after the announcement that it will be added to the
S&P 500 (SPX) and
S&P 100 (OEX) indices prior to the Dec. 21 trading session.
The addition to the benchmark SPX, which will result in the largest-ever rebalancing of the index, has big implications for the broader market because, despite TSLA’s checkered earnings history, it’s one of the biggest companies in the world.