Submitted by mcx-sea on 08. Juli 2013
Tesla Motors Inc. (TSLA), the world’s best-performing automotive stock this year, will join the Nasdaq-100 Index next week, filling the spot vacated by Oracle Corp. (ORCL), which is moving to the New York Stock Exchange.
The electric-car maker will be added to the gauge, which tracks the biggest companies on the Nasdaq, before the start of trading on July 15, Nasdaq OMX Group Inc. (NDAQ) said in a statement yesterday. Oracle, which last month said it will join the NYSE, is the biggest company to jump between the rival exchanges.