It's Official: Like It or Not, Millions Will Own Tesla Stock Soon
A lot of people have strong feelings about electric vehicle pioneer Tesla (NASDAQ: TSLA), both as a company and as an investment. The Elon Musk-led company has generated plenty of controversy over its history, but its skyrocketing share price has left its automaker peers in the dust.
The stock's amazing run has delivered 550% returns in just the past year, and over 9,500% gains in Tesla's roughly 10 years as a publicly traded company. That has resulted in a share price that many investors think is far too high to pay.
Yet even if you believe that Tesla isn't a buy right now, you might still end up acquiring some of its stock soon. That's because the company that manages one of the most-followed stock indexes in the world just decided to add Tesla to it.
Source Fool.com
