 "Elon Musk")
Tesla’s already impressive stock market rally might be on the verge of a further massive boost.
The electric carmaker’s scheduled December 21 inclusion in the S&P 500 Index could result in $8 billion of demand from active US large-cap mutual funds, analysts at Goldman Sachs Group wrote in a note on Friday.
“Of the 189 large-cap core funds in our universe, 157 funds that manage around $500 billion in assets under management did not hold Tesla on September 30,” the analysts wrote. Assuming those funds chose to hold the carmaker at benchmark weight, they would need to buy $8 billion of the
