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Tesla’s addition to the SUP 500 will have a huge impact on the massive amount of assets that are tied to the benchmark index. Spencer Platt/Getty Images
In what is likely or at least hopefully the last major market event before the memorable 2020 ends,
Tesla has joined the
S&P 500 as of the market’s close on Friday, Dec. 18. The electric-car maker will be the most valuable company to ever be added to the widely followed index, and it will likely land as the sixth-largest company. This will have a huge impact on the massive amount of assets, both passive and active, tied to the benchmark index.