Why Tesla Stock Climbed 24.3% in December
Shares of Tesla (NASDAQ: TSLA) rose 24.3% in December, according to data from YCharts. The red-hot electric vehicle manufacturer appears to have benefited from being added to the S&P 500 index, strong vehicle delivery numbers, and favorable coverage from analysts. Tesla was added to the S&P 500 before the market opened on Dec. 21, which meant that the many funds tracking the popular index had to acquire the company's shares.