One of the catalysts driving the wild ride for Tesla Inc (NASDAQ: TSLA) in 2020 has been its potential inclusion in the S&P 500 after first becoming eligible following a profitable second quarter. While Tesla’s addition to the S&P 500 could trigger a wave of buying as funds and money managers rebalance their portfolios, adding Tesla to the popular index could also create at least two problems for SPDR S&P 500 ETF Trust (NYSE: SPY) investors.DataTrek Research co-founder Nicholas Colas said both problems would be caused by Tesla’s ballooning market cap, which currently sits at $417 billion.Unwanted Volatility: The first …read more
Source:: Yahoo Finance
