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Tesla jumps 6% in heavy volume ahead of S&P 500 entry, stock then falls a bit in after hours



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People wearing face masks are seen inside a Tesla showroom at a shopping mall in Wuhan, Hubei province, the epicentre of China’s coronavirus disease (COVID-19) outbreak, March 30, 2020.Aly Song | ReutersShares of Tesla traded more than four times their 30-day average volume on Friday as passive funds bought the stock ahead of Tesla joining the S&P 500. The stock will be added to the benchmark index ahead of Monday’s opening bell, based on prices from Friday’s close.Amid the heightened volume, Tesla shares rose 5.96% on Friday to close at a record high of $695 after swinging between gains and losses during the …

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