Tesla’s Addition to S&P May Take a While, Ex-Committee Head Says
- Eligibility doesn’t always mean immediate entry, Blitzer said
- Red-hot Tesla fell 21% in days following index inclusion snub
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David Blitzer had been enjoying a fairly quiet retirement until the S&P 500 selection committee he ran for a quarter century decided last month against adding Tesla Inc. to the index. Suddenly, he said, his telephone began ringing constantly.
“I’ve gotten calls from people who know I haven’t been on the committee for a year and a half and barely ever call me about stocks, and they say, why didn’t they do it?” Blitzer, 71, who stepped down from the S&P Dow Jones Indices panel in 2019, said in an interview for the Trillions podcast. “The amount of chatter about Tesla is staggering.”