Tesla has become the most popular favorite in the US stock market

category:Finance
 Tesla has become the most popular favorite in the US stock market


In the five days up to Tuesday, traders traded an average of nearly $26 billion worth of Tesla shares per trading day, accounting for nearly 8% of total trading volume on U.S. exchanges, according to lufft. Thats more than Amazon and apple combined at the same time. Tesla sold $27.44 billion on Wednesday.

Its crazy, says sahak manuelian, managing director of the investment bank wedbush. Since Tesla was included in the S & P 500, many fund managers have had to increase their holdings of Tesla shares. In addition, retail investors who use apps such as Robin Hood are also the main reason for the recent surge in trading volume.

In fact, the share price of the electric car company has risen nearly 550% so far this year. After the standard & Poors Dow Jones index announced on Monday that Tesla would be included in the S & P 500 index, the companys share price accelerated by 40%. Investors want to rush ahead of the index funds, and analysts expect the index funds will be forced to buy more than $50 billion of Tesla shares after the component stocks are adjusted. Tesla has become the worlds largest car maker by market value, even though it is far behind traditional car companies such as Toyota, Volkswagen and general motors. The soaring share price of the company has increased Musks net assets by $100.3 billion this year, surpassing Bill Gates, co-founder of Microsoft, to become the second richest person in the world. Source: Science and technology innovation board daily editor: Yang Bin_ NF4368

In fact, the share price of the electric car company has risen nearly 550% so far this year. After the standard & Poors Dow Jones index announced on Monday that Tesla would be included in the S & P 500 index, the companys share price accelerated by 40%. Investors want to rush ahead of the index funds, and analysts expect the index funds will be forced to buy more than $50 billion of Tesla shares after the component stocks are adjusted.

Tesla has become the worlds largest car maker by market value, even though it is far behind traditional car companies such as Toyota, Volkswagen and general motors. The soaring share price of the company has increased Musks net assets by $100.3 billion this year, surpassing Bill Gates, co-founder of Microsoft, to become the second richest person in the world.