Hey, everybody Rob Maower here quite a bit to go through today, kind of a lot of news for a Friday, but obviously we'll start with the stock, which finished up 11% today, 10.8%, to $1,54.65.5.5.00.

That it flirted with for a couple hours there before close and then accelerating to end the day.

Obviously, at an all-time high close and completely skipping overclosing in the 1400 range.

Tesla's market cap now sits right around $286 billion,

which, according to a tracker from Dogs of the Dow.com,

means that all of a sudden Tesla is now a top 15 most valuable company on the US markets

sliding in at 14 right between JP Morgan Chase and MasterCard. The stock today

really started taking off right around 1230 Eastern time, tough to say exactly what caused that.

May have been related to some Elon tweets that will go through here in a bit, but more likely

I think just the growing expectation for Tesla to post a second quarter profit and be eligible for inclusion in the

S&P 500 and the market's understanding of the ramifications of that.

Many of you have asked me to do an episode on how that S&P 500 inclusion process unfolds.

So I am still in the middle of doing research on that, but yesterday Reuters did publish an article

with a headline of Tesla appears poised to electrify S&P 500.

That article was then syndicated through a number of different media outlets today, including by the New York Times

about an hour before the big rise in the stock price today, so I do think that was a factor. Obviously a company with a market cap as large as Tesla is a rare occurrence to be added to the S&P 500 perhaps unprecedented.

So the article mentions an analyst that has looked back through history and found a maybe comparable situation of Yahoo in 1999,

which ended up increasing by 64% in the five trading days between the announcement that it would be included in the

S&P 500 and the actual date of inclusion. The article also quotes the head of

index and E.T.F. research at Virtue Financial who expects that index is tracking the S&P 500, would need to own

about 25 million shares of Tesla stock once it's added to the S&P 500.

Obviously, 25 million shares is a lot. I've actually seen even higher estimates up to maybe 40 to 50 million shares versus a float share count, which is essentially an estimate of how many shares are actually available and not locked up by insiders of about 147 million in total

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