Tesla Stock Soars After S&P 500 Addition

Tesla will join the S&P 500 index in December after reporting five consecutive quarterly profits. "Tesla Inc. (NASD:TSLA) will be added to the S&P 500 effective prior to the open of trading on Monday, December 21 to coincide with the December quarterly rebalance," S&P Dow Jones Indices said in a press release. "Due to the large size of the addition, S&P Dow Jones Indices is seeking feedback through a consultation to the investment community to determine if Tesla should be added all at once on the rebalance effective date or in two…