On Tuesday, it was announced that Tesla will be added to the S&P 500 on Dec. 21.
The move came after months of speculation that Elon Musk's company would join the major stock index.
With a market cap of nearly $390 billion, Tesla will be the biggest company ever to be added to the S&P 500. That size has S&P Dow Jones Indices seeking feedback on whether Tesla will be added to the index all at once or in two different pieces.
Jim Cramer gives his outlook on Tesla in the video above.
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