Tesla jumps 6% in heavy volume ahead of S&P 500 entry, stock then falls a bit in after hours
People wearing face masks are seen inside a Tesla showroom at a shopping mall in Wuhan, Hubei province, the epicentre of China's coronavirus disease (COVID-19) outbreak, March 30, 2020.Aly Song | ReutersShares of Tesla traded more than four times their 30-day average volume on Friday as passive funds bought the stock ahead of Tesla joining the S&P 500. The stock will be added to the benchmark index ahead of Monday's opening bell, based on prices from Friday's close.Amid the heightened volume, Tesla shares rose 5.96% on Friday to close at a record high of $ 695 after swinging between gains and losses during the final hour of trading. During after hours trading the stock slid about 3%.Heightened activity continued after hours, and by 4:45 p.m. ET more than 200 million shares had exchang...