Tesla Rallies to Record All-Time High Ahead of S&P 500 Inclusion

Investors in Tesla saw the company’s stock rally to an all-time high of $695 per share to close out the Friday trading day, ahead of the electric automaker’s inclusion in the S&P 500, set to begin on Monday.

Shares of Tesla dipped below $637 per share at 3:45pm ET, only to rally in its final moments as index traders gobbled up the stock, sending it up 6% for the day.

According to Marketwatch, “Nearly 200 million shares traded hands, Tesla’s fifth-ever largest volume and its highest since early February.”

The crazy $TSLA $695 orders last seconds in screenshots.#stockmarket $SPY $QQQ pic.twitter.com/93uRbJMKQI

— The Voice of Reason (@SportsAndStock1) December 18, 2020

Managers making the move after hours!!! $TSLA #teslastock #teslainclusion pic.twitter.com/Gndlb3HXKu

— 🔋= 📈 = 💵 (@revoltedvoix) December 18, 2020

So far in 2020, Tesla’s stock has had astronomical gains of 731%, whereas the S&P itself is up 15%. Tesla investors are now awaiting Monday’s trading day, the first time Tesla will trade as part of the S&P 500.