Exotic Electric Sports Car Maker Tesla Will Join Nasdaq 100, As Oracle Leaves For the New York Stock Exchange

  @natrudy on
Tesla Model S
The Tesla Model S electric sedan won the 2013 World Car of the Year for green-driving technology.

Tesla Motors, Inc. (Nasdaq:TSLA), maker of an all-electric sports car, will join the Nasdaq 100 index starting on Monday, just as longtime notable Oracle Corporation (Nasdaq:ORCL) leaves to join the New York Stock Exchange.

Oracle’s move to the NYSE, announced in mid-June, dealt a heavy blow to Nasdaq, the Wall Street Journal reported.

Oracle represents $160.6 billion in market capitalization and left a large hole in Nasdaq’s key technology listings. In recent years, Nasdaq has won out on welcoming Facebook, Inc. (Nasdaq:FB) and Kraft Foods Group Inc. (Nasdaq:KRFT) to its listings. 

Tesla, based in Palo Alto, Calif., has a market capitalization of about $12.8 billion. The company makes exotic electric cars known for their ability to achieve high speeds. Its shares received a boost on the news, up between 1 percent and 2.6 percent in morning trading. 

Join the Discussion
Nintendo's Newest Kirby Game Is A Total Detour
Nintendo's Newest Kirby Game Is A Total Detour
Fitbit's First Activity Watch Falls Short
Fitbit's First Activity Watch Falls Short
Dying Light Is The Spiritual Successor To 'Dead Island'
Dying Light Is The Spiritual Successor To 'Dead Island'
The Last Mitsubishi Evolution
The Last Mitsubishi Evolution
The i8 Is Proof BMW Should Make More Mid-Engined Cars
The i8 Is Proof BMW Should Make More Mid-Engined Cars
QD Vision Shows Off Cheap 4K TVs
QD Vision Shows Off Cheap 4K TVs

More Video