Tesla Joins Nasdaq 100 As Oracle Defects To NYSE
- 11 Sep 2014
- Automakers, Manufacturing, Production
- Posted by Glenn Lidstone
- Comments Off on Tesla Joins Nasdaq 100 As Oracle Defects To NYSE
Tesla joins Nasdaq 100 as Oracle defects to NYSE. —Tesla Motors Inc., the world’s best-performing automotive stock this year, will join the Nasdaq-100 Index next week. Like this, it fills the spot vacated by Oracle Corp., which is moving to the New York Stock Exchange.
The electric-car maker will join to the gauge, which tracks the biggest companies on the Nasdaq, before the start of trading on July 15. This is the official statement of Nasdaq OMX Group Inc. On the other hand, Oracle said last month it will join the NYSE, is the biggest company to jump between the competing exchanges.
Shares of Tesla, the carmaker headed by billionaire Elon Musk, have more than tripled this year. Due to the popularity of its new Model S, sedan helped the company turn its first quarterly profit. Gaining entry to benchmarks by investors, it is attractive to public companies because it provides a solid shareholder base.
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