Shares of Tesla Inc. TSLA,
fell 5.6% in premarket trading by the end of last week after the record fell back, while Wall Street was preparing to see that the mammoth electric vehicle maker will finally be included in the coveted S&P 500 SPX,
The stock rose 11.6% in the past two days until Friday’s record close of $ 695, as funds following the benchmark sought to add shares before Friday’s close, when the listing was official. As reported by Claudia Assis MarketWatch, quoting Bernstein analyst Toni Sacconaghi, there is a priority for stocks to rise before the inclusion of the S&P 500, but there are not many stories of superior performance after inclusion. Tesla’s market cap at Friday’s close was $ 658.79 billion, making Tesla the six-month-old company in the S&P 500.