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Credit where credit is due?

General - 21 December 2020

Monday, 21 December was a big day – for Tesla, as it was included in the S&P 500 Index. In “Credit where credit is due?” Ingham Analytics unpack the quirks of this listing. Astonishingly, Toyota is now number two in a key MSCI Index – behind Tesla. How much would Tesla earnings have to grow to match Toyota’s rating? Vertiginous is the answer. And that’s being generous, including automotive regulatory credits that make up most of Tesla profits.

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