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Tesla shares rise on hopes that the stock will join the S & P 500 benchmark



Tesla shares rose after Macquarie estimated the electric car maker could qualify for the S & P 500 benchmark index as early as the second quarter of 2019.

To qualify for inclusion, Standard & Poor's requires companies to be profitable for four consecutive quarters on a GAAP basis.

Over $ 3 trillion fund the S & P 500 directly through index funds, according to the Standard & Poor's website.

Tesla shares gained more than 1

percent in the premarket trade after the rating.


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