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Every investor has a story about the Stock That Got Away. For many people this year, that company is Tesla.

The electric vehicle maker has had a stellar 2020, with its $430 share price at the beginning of January more than tripling to its current lofty price over $1,500.

That's despite founder Elon Musk's, ahem, colorful presence on Twitter. Now there’s another chapter of the Tesla story being written, with the firm having just announced four quarters of profitability. What makes that noteworthy: It’s one of the key requirements for inclusion in the S&P 500.

Of course nothing is guaranteed, and the whole indexing process is as guarded as Catholic cardinals announcing a new Pope with puffs of chimney smoke. But if it does take place, that means every S&P 500 index fund out there – which collectively steer trillions of dollars in assets – is going to have start buying Tesla.

“There are three factors driving up the stock: They have shown they can ramp up production, they have demonstrated demand, and they have shown they can make money,” says Ben Kallo, senior research analyst who covers the stock for Baird. “That, along with potential S&P 500 inclusion, makes it much more real for big institutional investors.”