Tesla in Ludicrous Mode

After seeing its share price rally for large parts of the year, boosted further by a five-for-one stock completed in August, Tesla was added to the S&P 500 index on Monday. The electric car maker saw its share price soar by almost 700 percent this year, lifting its market cap from $75 to more than $600 billion in less than 12 months.

As the following chart shows, Tesla outperformed the overall market by an incredible margin in 2020. Even though the S&P 500 is having a remarkably good year considering the circumstances, its 14 percent return so far can't hold the candle to Tesla's ludicrous run in 2020.