Tesla Motors Inc (TSLA) Is Joining The Nasdaq 100 Index Starting July 15th

Posted Jul 9, 2013

The news just keeps getting better and better for Tesla Motors Inc (NASDAQ:TSLA).  On July 15th, Tesla Motors will be joining the NASDAQ 100, which is an index that tracks the largest companies on the exchange.  Tesla will be replacing Oracle Corporation.  Oracle is actually switching from the Nasdaq to the New York Stock Exchange.

Other recent good news about Tesla includes:

– Receiving hundreds of orders in Hong Kong for their Model S.

– Their White House petition surging past 100,000 signatures for direct-to-consumer support.

– Tesla’s stock price shooting past $110 per share.

– The repayment of the company’s $451 million federal loan nine years early.

– The company’s first profitable quarter.

– A new financing plan available for consumers.

The company actually went on a hot streak after the company’s founder Elon Musk got into a heated argument with New York Times editor John Broder.

Some of the other companies that are in the Nasdaq 100 includes Facebook, Google, and Amazon.