Tesla will be added to the S&P 500, a milestone that will expand its investor base and put the electric automaker in the same company as heavyweights like Apple, Berkshire Hathaway and Microsoft.
The announcement, made Monday afternoon by the S&P Dow Jones Indices, sent shares 13.7% higher in after-market trading. Tesla will officially join the benchmark index prior to trading December 21, the S&P Dow Jones Indices said in a statement.
When Tesla joins the S&P 500, it will be among the most valuable companies on the benchmark. Its weighting will be so influential that the S&P DJI is mulling whether to add the stock at the full float-adjusted market capitalization weight all at once or in two tranches.
“Tesla will be one of the largest weight additions to the S&P 500 in the last decade, and consequently will generate one of the largest funding trades in S&P 500 history,” S&P DJI said in a statement. “However, Tesla itself is very liquid, and adding the stock at the upcoming December quarterly rebalancing coincides with the expiration of stock options, stock futures, stock-index options, and stock-index futures, which may help facilitate the funding trade.”
Joining the S&P 500 has its benefits, as investors that have index-tracked funds will be forced to buy shares. With share prices already popping, that will mean investors will have to sell other stocks to make room for Tesla. Existing investors may, in turn, want to take advantage of that demand and sell. The upshot: The traditionally volatile stock might get a bit more volatile.
The inclusion on the benchmark follows Tesla’s decision in August to split its shares 5 for 1.
King Sheikh Mohammed bin Rashid al-Maktoum Cars and Houses
In this article, we will be bringing to you Sheikh Mohammed bin Rashid al-Maktoum cars and houses list.
King Sheikh Mohammed bin Rashid al-Maktoum is the current Vice president and the Prime Minister of the United Arab Emirates. Not only that, he is also the ruler of the Emirate of Dubai and its Minister of Defense
He makes no secret about his flamboyant and lavish lifestyle and one of the areas he lavished his money on is his car collection which is filled with some of the most expensive and exotic cars. Sheikh Mohammed bin Rashid al-Maktoum cars is worth several millions of dollars
Sheikh Mohammed bin Rashid al-Maktoum is a highly educated personality in the Arab Emirates, with a sword of honor from Mons Officer Cadet school where graduated also as a top Commonwealth student.
Check out Mohammed Salah Car collection
He also schooled at Bell Educational Trust’s English Language school in the UK and also trained in Italy a pilot.
Sheikh Mohammed bin Rashid al-Maktoum Cars
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Sheikh Mohammed bin Rashid al-Maktoum’s life of affluence and flamboyance is evident in the quality of cars in his garage. All the cars he owns are sophisticated and extremely expensive with state of the art design. Continue reading as we intimate you on his exotic cars.
- Mercedes G650 -$ 1.8 million
- Rolls Royce Phantom Drophead Coupe-$575,600
- Rolls Royce Ghost Custom Gold-$5,71,740
- Mercedes G550 -$1,31,750
- Bugatti Veyron pegaso edition-$1.2 million
- Mercedes AMG G63-$3,94,773
- Koenigsegg CCXR-$4.8 million
- New Devel Sixteen Modified-$1.8 million
Mercedes G650 -$ 1.8 million
Sheikh Mohammed bin Rashid al-Maktoum cars include a Mercedes G650, which is similar to the AMG G63 and differs from it in many ways. It is a limited edition, limited to 99 pieces only and is owned by the Dubai King Sheikh Mohammed bin Rashid al-Maktoum. It is a 4-seater The Mercedes G650 comes in 8 cylinders 6.0 liters. V12 petrol engine with 621 hp and automatic transmission.
Mercedes AMG G63-$156,000
King Sheikh Mohammed bin Rashid al-Maktoum is often around in his Mercedes AMG G63. He not only owns one G63, but owns more than 20 Mercedes AMG G63s. Mercedes-Benz G63 AMG is one of the massive and looking cars from Mercedes-Benz. It has a 4 seating capacity . The Mercedes-Benz G63 AMG is built with an 8-Cylinder 4L V8 petrol engine with 585 hp and an automatic transmission. It is capable of moving from 0 to 100 km / h in 3.9second with a top speed of the car is 220 km / h.
Obviously, Sheikh Mohammed bin Rashid al-Maktoum is a die hard fan of Mercedes SUVs as his numerous Mercedes SUVs shows. The Mercedes-Benz G550is capable of accommodating 5 and is designed with an 8 cylinders 4.0L V8 twin-turbocharged engine which is capable of providing a 416BHP with its 9-speed auto transmission.
It is also capable of accelerating from 0-60 kmph in 5.6 seconds at a top speed of 130kmph.
The Merceded G550 is another one of Sheikh Mohammed bin Rashid al-Maktoum cars ist
Bugatti Veyron pegaso edition-$2 million
One of the most expensive and superfast exotic cars in Dubai’s King Car Collection is the Bugatti Veyron pegaso. The Bugatti Veyron pegaso is probably one if the rarest cars in the world with a rare Power output of 1,200hp.
Pegaso is known for manufacturing luxurious sports cars back in the 1950s and it collaborated with Ferrari and Alfa Romeo at that time. The body of the Bugatti Veyron pegaso is unmatched, it is designed with a red and white color with a sedan body style.
Rolls Royce Phantom custom gold-$1.3 million
The Rolls-Royce Phantom custom gold is a very unique model of Rolls-Royce Phantom as its owner Sheikh Mohammed bin Rashid al-Maktoum had to pay extra to have its color painted with a 24karat gold color from the hood to the front bumper.
Being a 4 door rear wheel drive car with sedan body style, the customized Rolls-Royce Phantom gold is capable of reaching a top speed of 149mph. It is also a 5-seater ride which comes with a 6.7LV12 engine.
The unique colored Rolls-Royce Phantom is capable of hitting an acceleration of 100kmph in 5.9 seconds form zero.
Koenigsegg CCXR-$4.8 million
The Koenigsegg CCXR is one of the most costly car in the world When running the CCXR on petrol, the 4.8 liter twin-supercharged Koenigsegg engine produces 806 BHP. With only two units left, the luxury car which is capable of accelerating from 0-100 km/h in just 2.9 seconds is worth $4.8 million.
The lowered chassis was track-tuned with the inclusion of modified shock absorbers, stiffer springs and anti-roll bars.
New Devel Sixteen Modified-$1.8 million
Devel Sixteen is said to be capable of extracting an impressive 5000 horsepower from a quad-turbo V16 engine with a maximum speed of over 300 mph (480 km / h). Production vehicles that broke the 1000 horsepower barrier were only recently created, so the Devel Sixteen seemed way ahead of its time.
The cars is worth $ 1.8 million and is another expensive ride among Sheikh Mohammed bin Rashid al-Maktoum cars.
Sheikh Mohammed bin Rashid al-Maktoum Houses
The king of Arab reportedly owns a £75 million mansion located in Longcross House close to Cobham in Surrey.
He also owns a Dalham Hall in Suffolk which he bought at £45m
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