Why Tesla Stock Soared 46.3% in November

Keith Noonan, The Motley Fool
·3-min read
Why Tesla Stock Soared 46.3% in November

Shares of Tesla (NASDAQ: TSLA) soared 46.3% in November, according to data from S&P Global Market Intelligence. S&P Dow Jones Indices announced on Nov. 17 that Tesla would be added to the S&P 500 in December. Tesla posted blockbuster third-quarter results in October, and the November rally for the broader market combined with the announcement of the company's inclusion in a major index helped create conditions for another month of huge gains for the stock.