Bengaluru/San Francisco — Shares of Tesla rose 11% before the bell on Tuesday, adding about $40bn to the value of the electric vehicle (EV) maker and giving another boost to the fortune of billionaire CEO Elon Musk.

S&P Dow Jones indices confirmed, after markets closed on Monday, that they would add the company to Wall Street’s main index from December 21, firing the starting gun on a major reorganisation of investment funds that track the basket of stocks...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now