Tesla Will Replace Apartment Investment and Management Co. in S&P 500

The S&P Dow Jones Indices has announced Tesla will replace Apartment Investment and Management Co. in the S&P 500, a move effective on December 21, 2020.

Tesla will also be added to the S&P 100, replacing Occidental Petroleum Corp., with the latter remaining in the S&P 500, explains a S&P Dow Jones Indices press release.

Below is a chart summarizing the changes to the S&P 500 set for the start of trading on December 21, 2020:

Tesla ended the trading day on Friday at $609.99 per share, down 2.72%.