No S&P 500 for Tesla. https://www.cnbc.com/2020/09/04/tesla-falls-after-sp-500-adds-etsy-and-two-others-bypassing-carmaker.html
Thanks: Tesla's business was never dependent on S&P500 any more than a J.D. Powers award. It is S&P500's loss for now. I remain interested in Giga Berlin and Austin. Bob Wilson
My guess is that the S&P committee wants to see Tesla make a profit without the credits before letting them in the S&P 500. It will be interesting to see how the upcoming stock sale goes.
My speculation this is a dynamic stock offering where Tesla sets the top price to prevent spikes. A steady price, buffered by Tesla, is poison to SHORTs. The complement would be a dynamic stock purchase program. By using Tesla assets to add or buy-back stock, the volatile prices that fed the SHORTs will evaporate. Bob Wilson
My assumption is the S&P are looking for the share price to stabilize a bit more and profits to continue. I don't think they care about where the revenue comes from. I suspect there's also concern about devaluation of every one else in the S&P500 once everyone rebalances to include Tesla. I think Tesla are playing the game well. The stock split was a good decision to bring price stability. It in effect creates a new floor for the stock.
Apparently there are more companies than Tesla not in the S&P 500: https://www.investors.com/etfs-and-funds/sectors/sp500-giant-top-stocks-missing-index/ Bob Wilson