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Tesla Mutual Funds: Understanding TSLA s Addition to the S&P 500 Debbie Carlson © (Getty Images) Fremont, CA, USA - January 20, 2021: Tesla factory plant, an American electric vehicle and clean energy company based in Palo Alto, California When Tesla (ticker: TSLA) was added to the S&P 500 in December 2020, it was likely the biggest company by market value added to the benchmark index. Popular Searches At the time, Tesla s market cap was $600 billion. That has grown to around $800 billion, and the company has seen monster valuation growth. In 2020 alone, TSLA stock rose more than 700%. Goldman Sachs said in a research note that had the electric vehicle maker been in the S&P 500 since the beginning of the year, the index s return would have been 18% rather than 16%.

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