Tesla Motors, Inc. (NASDAQ:TSLA) will soon become a part of the NASDAQ 100 Index


Dallas, Texas 07/10/2013 (Financialstrend) – According to recent announcements, Tesla Motors, Inc. (NASDAQ:TSLA) will soon become a part of the NASDAQ 100 Index and the NASDAQ 100 Equal-Weighted Index. This inclusion into the two indices will take place before the market opens on Monday, June 15, 2013. With primary operations focused on the design, development, manufacture and commercial sales of electric vehicles and powertrain components for advanced electric train vehicles, Tesla Motors, Inc. (NASDAQ:TSLA) focuses majorly on developing the federally compliant pollution-free vehicle, the Tesla Roadster.

Tesla Motors, Inc.’s (NASDAQ:TSLA) primary manufacturing activities are carried out in the electric powertrain manufacturing facility of the company located at Palo Alto, California and at the company’s Tesla Factory. In the recent announcement, it was reported that the recent spike in market capitalization enabled Tesla Motors, Inc. (NASDAQ:TSLA) to be included in the NASDAQ 100 index and effectively replace Oracle Corporation.

After reaching an intraday high price of $125.32, the share price of Tesla Motors, Inc. (NASDAQ:TSLA) closed at $123.45 with an intraday low price of $121.91. The share price of Tesla Motors, Inc. (NASDAQ:TSLA) declined by 1.51 percent, closing on Tuesday at $124.64. The 52-week high price of Tesla Motors, Inc. (NASDAQ:TSLA) is $125.32 and the 52-week low price stood at $25.52. With 115.55 million total outstanding shares, the market capitalization of Tesla Motors, Inc. (NASDAQ:TSLA) stands at $14.26 billion. The intraday share trading volume for yesterday was 8.60 million, whereas the average trading volume of Tesla Motors, Inc. (NASDAQ:TSLA) heads up to 10.46 million. Institutional ownership in Tesla Motors, Inc. (NASDAQ:TSLA) records a contribution of 70 percent of the company’s total outstanding shares.