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Tesla is replacing Oracle on the NASDAQ-100 Index showing just how far the electric car industry has come. The most successful electric carmaker on the planet will take the spot before the market opens July 15 as Oracle relocates its stock listing to some fly-by-night operation called the New York Stock Exchange.

Tesla has had an electric run of it lately. Its share price has trebled in price in the first half of this year as the American carmaker sold thousands of its award-winning Tesla Model S sedans. Presently, its market capitalization is around $14.5 billion.

The NASDAQ 100 Index lists 100 of the biggest non-financial securities listed on the NASDAQ stock market, a market that has traditionally been home to technology company listings.


About the author: Andrew Greene


Now playing the role of grumpy old man in the foothills of Northern California’s Gold Country, Andrew has had a life-long love affair with vehicles of all sorts, from the bicycle he pedaled across the continent in 1991 to the armored personnel carriers he drove in the Army to the bamboo rafts, elephants, motorcycle taxis, ferries and buses he traveled by during the 13 years he lived and worked in South East Asia. Always eager to learn more about how the people of the world get from here to there in their day-today lives, he, a professional journalist, has been covering the vehicle industry for years.


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