Tesla's Stock Jumps 6% Ahead of S&P 500 Debut

$131 billion USD worth of stock exchanging hands.

By
Automotive 
8,348 Hypes 4 Comments

Tesla shares (TSLA) jumped to a record high of $695 USD (up six percent) just an hour before Friday’s closing. The stock continued trading during after-hours where more than 200 million shares exchanged hands leading to a small drop of three percent.

This news comes ahead of Tesla’s official inclusion into the S&P 500 this coming Monday. This impressive movement roughly translates to trading volume four times higher than Tesla’s 30-day average of 45 million — that’s $131 billion USD worth of stock exchanging hands.

It will be interesting to see come Monday, Tesla’s first closing price after its historic addition into the S&P 500.

In other news, StockX is valued at $2.8 Billion USD following $275 million USD Series E funding.

Read Full Article

What to Read Next

adidas Originals Gives Kermit the Frog His Very Own Stan Smith
Footwear

adidas Originals Gives Kermit the Frog His Very Own Stan Smith

Featuring details in homage to the famed Muppets character.

Off-White™ Links With WeChat for Unexpected Capsule Collection
Fashion

Off-White™ Links With WeChat for Unexpected Capsule Collection

Signature jerseys, flannels and more.

Mike Pence Announces Space Force Personnel Will Be Called “Guardians”
Tech

Mike Pence Announces Space Force Personnel Will Be Called “Guardians”

Following “hundreds of submissions.”


BILLY's ENT and New Balance Deliver a Bold 992 Collaboration
Footwear

BILLY's ENT and New Balance Deliver a Bold 992 Collaboration

A color scheme inspired by ‘90s outdoor accessories.

Peter Sutherland Launches "ESCAPISM" Exhibition at DOMICILE TOKYO
Arts

Peter Sutherland Launches "ESCAPISM" Exhibition at DOMICILE TOKYO

Alongside a book launch and collaborative apparel with LQQK Studio and Brain Dead.

Lil Wayne Releases Emotion-Charged Visual for "2 Diamonds"
Music

Lil Wayne Releases Emotion-Charged Visual for "2 Diamonds"

The famed rapper laments for a love lost.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. By adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.