Tesla Motors (TSLA) has been added to the NASDAQ-100 Index, as well as the NASDAQ-100 Equal Weighted Index – commencing at the start of trading on 15th July 2013. Incredibly, Tesla Motors replaces the huge corporation Oracle (ORCL), which is in turn joining the New York Stock Exchange.
For a company only ten years old, and an electric car company at that, this news really does go to show just how highly regarded and well Tesla Motors is doing in right now.
Teslas stocks soared earlier this year with the major steps forward it has taken in it’s production of electric cars, namely the Model S finally being delivered to customers. Add to this their early repayment of their not insignificant government loan and Tesla Motors is sure to impress even the hardiest of cynics.