Tesla Inc. has posted four quarters of positive earnings. That’s enough to get it into the S&P 500, right? Not necessarily, says DataTrek Research.
Fans of Elon Musk’s automaker have been on high alert for news Tesla will be added to the index ever since the company reported a $104 million profit for its June quarter. But while the results would seem to satisfy rules for inclusion, aspects of its earnings may give the index committee at S&P Dow Jones Indices pause, the research shop said.