Tag: auto industry
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Tesla will join the S&P 500 in December after being snubbed earlier this year
Shares of Tesla spiked by more than 13% on the news. Reuters Tesla will join the S&P 500 on December 21, S&P Dow Jones Indices announced Monday With a market cap of nearly $400 billion, Tesla is set to join as one of the 10 most valuable companies in the index. S&P Global did not…
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Electric Car Gold Rush: The Auto Industry Charges Into China
In a drab industrial zone of western Shanghai, amid factories that each year crank out hundreds of thousands of gasoline-powered cars, transmissions, and engines, the world’s largest automaker is racing to finish a new sort of plant, one that will produce a car unlike any it has made before. The 74-acre facility will have a…