Connect with us

Hi, what are you looking for?

CleanTechnica

Cars

Tesla Motors Joining NASDAQ-100 Stock Index On Monday

Tesla Motors’ stock will now be featured — as of Monday, July 15th — on the elite NASDAQ-100 Stock Index. The announcement is no real surprise, though, given the year that Tesla has had — the stock has risen to new highs, debts have been paid off, the company hit its first quarterly profit, and the company is continuing to move towards the release of the upcoming Model X.

Image Credit: Tesla Model S via Flickr CC

Image Credit: Tesla Model S via Flickr CC




The NASDAQ-100 Stock Index is a listing of the 100 largest non-financial companies on the NASDAQ, and as such, Tesla’s (TSLA) move onto the list means that it’s kicking someone else off. In this case, that is the computer technology company Oracle Corporation, which will now be moved to the New York Stock Exchange.

Autoblog Green has more: “Tesla Motors currently has a market capitalization of approximately $12.8 billion. There have been other NASDAQ-100 changes this year, none of them automotive: Starz Inc kicked off Liberty Media, only to see Kraft Foods give Starz the boot. Liberty Media then returned and kicked off Virgin Media. Netflix also replaced Perrigo. The list is always in flux, with about two dozen changes taking place in 2012 and about 10 in 2011. Other automotive-related companies presently on the list include O’Reilly Automotive and Paccar.”

In related news, Tesla Motors has been continuing to make progress with regards to its right to sell directly to consumers, bypassing the unnecessary car-dealership sales model — Tesla recently won an important legal victory against the North Carolina Automobile Dealers Association when the North Carolina House of Representatives struck down a bill that would have banned Tesla from selling their vehicles directly to consumers. All that’s left now is to get the laws that were put on the books in Texas and Virginia reversed. Though, potential customers there can at least go out of state to buy their new Model S if they really want one…. while the economy of Texas and Virginia loses out because of it.

 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
 

Advertisement
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.

Comments

You May Also Like

Autonomous Vehicles

This article is the second part of a two-part series. You can find Part 1 here. If government officials decide to compensate people to...

Cars

Originally posted on EVANNEX. By Charles Morris Automobiles and advertising are symbiotic industries. The auto industry dropped over 14 billion bucks on ads in the US in 2018,...

Autonomous Vehicles

In a recent piece at Slate, David Zipper discusses the backlash NHTSA got when it appointed Missy Cummings, a human factors researcher, to be...

Autonomous Vehicles

YouTuber “Cf Tesla” has shared his experience this week with FSD Beta while navigating a city that lost power. This actually brought up a...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.