Tesla (TSLA) Set to Join S&P 500 & 100, Apartment Investment & Mgmt Out of 500 & Occidental Petroleum out 100

Today the S&P 500 officially announced changes in the index due to the recent inclusion of Tesla (NASDAQ: TSLA). Tesla is set to join S&P 500 & 100, replacing Apartment Investment and Management Co.

With five profitable quarters, Tesla already met the requirements for inclusion into the S&P 500 after the Q3 2020 earnings report, which requires that a company’s last four quarters in summation are profitable, and that the previous quarter is profitable. November 16th, 2020, S&P 500 has officially announced Tesla will be included in the index.

November 30, S&P announced the Tesla addition to the S&P 500 prior to open December 21 at full float adjusted market cap weight in a single step.

The index announced today that Tesla will replace Apartment Investment and Management Co., and Tesla will also be added to the S&P 100, replacing Occidental Petroleum Corp. Meanwhile, Occidental Petroleum will remain in the S&P 500.

Apartment Income REIT Corp. will replace Dunkin' Brands Group Inc. in the S&P MidCap 400. Apartment Investment and Management is spinning off Apartment Income REIT in a transaction expected to be completed post close on Monday, December 14.

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