TSLA will be included in the Nasdaq 100 Index next week.

Source: Internet
Author: User
Keywords Tesla Nasdaq Oracle ingredient stocks first car
Tags company configure forced group index listed market market capitalisation

July 9, Nasdaq OMX Group announced that the U.S. electric vehicle manufacturer Tesla (Tesla,nasdaq:tsla) will be included in the Nasdaq 100 Index next week, to fill the ORACLE,NASDAQ:ORCL by the Board to the NYSE's position left by Oracle, Become the only U.S. auto unit to enter the index. This year, the luxury electric car maker's share price has hit record highs, rising unstoppable.

ETFs will be forced to configure

Tesla will be included in the Nasdaq-listed trading before the opening of July 15 and become a component of the Nasdaq 100 Index and the Nasdaq 100 average weighting index.

The news, 9th, Tesla's shares rose 2.7%, a day to 123.45 U.S. dollars, or 1.51%, to reach the company's listing for 3 years the highest price. Tesla's market capitalisation now exceeds Fiat, the Italian giants, and Japanese Suzuki and Isuzu cars.

The Nasdaq 100 Index is an index of US and international non-financial listed companies with the top 100 of Nasdaq's total market capitalisation. According to Thomson Reuters, Oracle, which was the fourth-largest company in the United States, has a market capitalisation of about $148.46 billion trillion.

By contrast, Tesla's market capitalisation is only about $14.27 billion trillion, less than other shares in the auto industry. However, its explosive growth this year has been impressive, as the only US carmaker to be listed on the Nasdaq, Tesla's shares surged by an astonishing 259% per cent this year, ahead of the current Nasdaq 100 Index, which is up 166%. NASDAQ:NFLX).

The reporter noted that Tesla stocks, after joining the Nasdaq 100 Index, could also gain further growth incentives, and passive ETFs, including POWERSHARESQQQ, are likely to have to be configured. The Nasdaq data show that ETFs and other products linked to the Nasdaq 100 Index last year amounted to $49.4 billion trillion.

The biggest market capitalisation of the Nasdaq 100 Index is Apple, at $396.4 billion trillion, the least of which is Sears Holdings, and it reaches $4.62 billion trillion, according to data compiled by Bloomberg.

Sales Performance a solo show

Tesla announced its first profit in the quarter. In the second half of the year, its models models will be ready to be delivered to Europe and Asia, with annual sales expected to be about 21,000 units. The result has been very bright as a high-end car with an average price of about 69,000 dollars.

Other competitors prepared to preempt the low-end electric-car market in 2012 did not perform as expected: GM expects the chevyvolts model to sell around 60,000 globally, actually selling only half of its sales, while the cheapest four-car Nissan Leaf is expected to grow at 50%, compared with 22%, Only 26,000 cars. The two models are priced at around 30,000 dollars, more than half the price of Tesla models.

Tesla models had the highest score in a car test in the Consumer Report magazine published by the American Consumer Association. "It's better than anything we've ever tested." The Journal said.

At the end of May this year, Tesla announced the expansion of its Super charging station (supercharger): a doubling of the number within 1 months, a link to the US-east coast this year, and 80% parts of the United States and Canada by the end of 2014. These super charging stations allow Tesla electric car users to charge for free and can cover up to 190 kilometers of mileage after 30 minutes of recharging.

Jefferies, an analyst at the Research Institute, said Tesla's two-quarter and full-year sales could exceed previous expectations, maintain the stock's buying rating and raise its target price from $70 to $130.

Interestingly, Bloomberg reported earlier that Tesla Motor said its new S-type car had won hundreds of orders in Hong Kong, China, enough to double the number of cars on the road in the area. Kennethlui, the company's Hong Kong sales manager, said Tesla's car prices would be announced in the coming months and that s-type cars would be sold in the winter in Hong Kong.

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