Tesla TSLA Market Cap Overtakes Facebook FB, Becoming 5th Most Valuable Public Company in US

Tesla TSLA Market Cap Overtakes Facebook FB, Becoming 5th Most Valuable Public Company in US

In the trading session on Thursday, Tesla (NASDAQ: TSLA) shares again renewed the all-time high, surpassing Facebook's market cap, and becoming the fifth most valuable public company in the US.

On January 7, the company's shares spiked 8%, making fresh, new highs, and consolidating at an impressive $816.04. As a result, Tesla's market capitalization reached $773.52 billion.

This made the manufacturer the fifth most-valued publicly traded company in the US, which means Tesla has outperformed Facebook, which has a market capitalization of $765.45 billion. Tesla has reached such a price for the first time, which is a new record and milestone for the company.

On January 7, during the session, Tesla shares were sold and bought for a whopping $39 billion, which is also a record for Tesla.

Over the past 12 months, Tesla has grown by over 740% to become the world's most valuable car company, nearly surpassing the market cap of the world's eight most valuable carmakers combined: Toyota, Volkswagen, BYD, NIO, Daimler, General Motors, BMW, and Ferrari.

© 2020, Eva Fox. All rights reserved.


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This article is for informational purposes only. You should not construe any such information or other material as an investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by Eva Fox, Tesmanian, or any third party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.

Eva Fox holds zero shares of Tesla, Inc., and currently (at the time of this article's publishing) holds zero options or securities in Tesla Inc. and/or its affiliates.

About the Author

Eva Fox

Eva Fox

Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.

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