>It has no business being in the S&P 500 and should quite frankly be delisted
S&P500 inclusion is a simple math calculation based on market cap. By definition, Tesla must be included until its value drops far enough to exclude it. That will probably never happen short of an apocalyptic event.
It's not quite that simple -- there are other criteria. E.g., MSTR is not included in the index. And technically the committee overseeing it has some discretion.
That said, I agree that TSLA easily meets the criteria for inclusion -- even if you assume a normal automaker P/E of ~5 instead of TSLA's meme-stock ~330.
S&P500 inclusion is a simple math calculation based on market cap. By definition, Tesla must be included until its value drops far enough to exclude it. That will probably never happen short of an apocalyptic event.