Tesla to see unprecedented trade ahead of S&P 500 debut

A Tesla Supercharger station is seen in Dietikon, Switzerland October 21, 2020. REUTERS/Arnd Wiegmann/Files

(Reuters) - Tesla's grand entrance into the S&P 500 is expected to be preceded by a huge trade, with an unprecedented $80 billion of the electric car maker's stock changing hands by the end of the session on Friday.

Elon Musk's Tesla on Monday will become the most valuable company ever admitted to Wall Street's main benchmark, accounting for over 1% of the index. The electric car maker's shares have surged about 60% since mid-November, when its debut in the S&P 500 was announced.