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Is Tesla the Next Yahoo?

November 24, 2020 admin Comments Off on Is Tesla the Next Yahoo?

Last week was a big one for Tesla shareholders.
After languishing since August, Tesla shares rallied 21.2%.
This was on the back of the news that Standard and Poor’s is adding Tesla to the S&P 500 Index.
Tesla will be the largest company to ever join the S&P 500, rocketing into the index’s top 10 holdings from day one.
If you own an S&P 500 index fund, you’ll soon be a Tesla shareholder.
Is this good news for soon-to-be Tesla shareholders?
Or is this the beginning of the end for Tesla, as it was for Yahoo back in the dot-com boom?
Of course, no one can predict …read more […]