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S&P 500 Renamed S&P 808 In Honor Of Tesla’s P/E Ratio

Palto Alto, CA – With Tesla shares surging due to inclusion to the previously named S&P 500, there’s additional cause to rejoice as the index which was founded in 1957 will be renamed the S&P 808 to signify the current Price-to-Earnings ratio of Tesla.

While some see this as short-sited it’s a mostly ceremonial act to celebrate the historic day.

When reached for comment Standard and Poors noted that 500 was just too low of a number and didn’t factor in inflation over time.