Tesla Motors Inc., the world’s best-performing automotive stock this year, will join the Nasdaq-100 Index next week, filling the spot vacated by Oracle Corp., which is moving to the New York Stock Exchange.
The electric-car maker will be added to the gauge, which tracks the biggest companies on the Nasdaq, before the start of trading on July 15, Nasdaq OMX Group Inc. said in a statement Monday. Oracle, which last month said it will join the NYSE, is the biggest company to jump between the competing exchanges.
Shares of Tesla, the carmaker headed by billionaire Elon Musk, have more than tripled this year as the popularity of its new Model S sedan helped the company turn its first quarterly profit. Gaining entry to benchmarks tracked by investors is attractive to public companies because it provides a guaranteed shareholder base.
Tesla Model S P85D Gets AWD; 0-60 MPH in 3.2 Seconds
The camera does everything from seeing other cars to reading speed limit signs. Normal fare for luxury cars. Except it will also do a lane change for you just by pressing the turn signal stalk.
Last night, Elon Musk took the wraps off the new Tesla Model S. Dual motors and all-wheel drive don’t just make it faster, a new sensor array will make it safer too. Let’s break out each innovation, figure out what it is and how it works.
Dual Motors: Putting the “D” in the Tesla Model S P85D, an electric motor has been added to the front of the car, driving those wheels. Previously, the Model S was rear-wheel drive only.