Foreign media: Tesla is expected to be included in the S.P. 500 if it makes a profit this quarter

May 19 (UPI) — Tesla is expected to be included in the S.P. 500 if it makes a profit in the second quarter, according tomedia reports. Tesla made a profit in the first quarter of this year, the first time since its inception that it has made three consecutive quarters of profit.

Media: Tesla is expected to be included in the S.P. 500 if it makes a profit this quarter

Being included in the S.P. 500 requires four consecutive quarters of earnings. If Tesla continues to make a profit this quarter, it is expected to be included in the S.P. 500.

Media said Tesla’s inclusion in the index would bring prestige as a benchmark stock index for the U.S. stock market and push index funds to put the company’s stock in positions.

Tesla shares rose 1.81 percent to $813.63 at Monday’s close, giving it a market capitalization of about $149.474 billion.