Tesla to join the Nasdaq 100 as Oracle departs for the NYSE

As of Monday, July 15th, Tesla Motors will be included in the Nasdaq 100, a list of the largest non-financial stocks on Nasdaq's index. A spot in that elite group opened up when Oracle announced that it would be moving to the New York Stock Exchange, making it inelegible for inclusion on Nasdaq. The news seemed to please shareholders, and at the time of this writing, Tesla's stock had surged ahead nearly 2 percent. The company's entry into the Nasdaq 100 is a sure sign that its forward trajectory is nigh unstoppable -- at least for now. With an overall stock gain of nearly 260 percent in 2013, Tesla Motors just keeps on truckin'.

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Via: The Wall Street Journal, Autoblog

Source: Tesla Motors

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