Why Tesla Was Left Out of the S&P 500

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Tesla Inc. was passed over for inclusion in the S&P 500 index, a move that put a halt to the parabolic run in the electric-car maker’s shares.

S&P Dow Jones Indices, which determines the makeup of the index, said Friday afternoon that online marketplace Etsy Inc., technology firm Teradyne Inc. and pharmaceutical company Catalent Inc. would be added in its quarterly rebalancing. Tesla—whose shares have catapulted to new highs, partly in anticipation of joining the S&P 500—was noticeably absent.

A Global Asset Management Seoul Korea Magazine

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