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The index based on the market capitalizations of its constituent companies, meaning it's essentially a ranking of the 100 most valuable non-financial companies listed on NASDAQ. That's gives perhaps a more tangible sense of the importance of the listing to Tesla's overall perception as a no-longer-fledgling automaker. Tesla's stock price has risen more than 250 percent this year, bringing the company's valuation to about $12.8 billion.
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