FILE PHOTO: Tesla Inc CEO Elon Musk speaks onstage during a delivery event for Tesla China-made Model 3 cars at its factory in Shanghai, China January 7, 2020. REUTERS/Aly Song/File Photo
WHEN the world’s most-famous electric car maker finally joins the S&P 500, it will be bitter-sweet for investors with about $11 trillion in funds tied to the gauge.
Their benchmark-hugging bets get some Elon Musk magic at last, but they pay seven-times last year’s price for the privilege.
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