News Formal

Tesla's stock market value tops Facebook's in huge trading

  • 📰 ABSCBNNews
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 83%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Shares of Tesla surged to a record high in heavy trading on Thursday, with the electric car maker's stock market value exceeding Facebook's for the first time.

Shares of Tesla surged to a record high in heavy trading on Thursday, with the electric car maker's stock market value exceeding Facebook's for the first time.

Facebook's stock market value was $765 billion after its shares rose about 2 percent, according to Refinitiv data. Tesla, up over 700% in the past 12 months, has become the most valuable auto company in the world by far, despite production that is a fraction of rivals such as Toyota Motor, Volkswagen and General Motors.

Tesla's latest lift came after RBC raised its rating on the stock to "sector perform" from "underperform."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla market value tops $700 billion for first time'German automakers who once laughed off Elon Musk are now starting to worry'
Source: ABSCBNNews - 🏆 5. / 83 Read more »

Tesla market value crosses $800 billion for the first time
Source: ANCALERTS - 🏆 26. / 50 Read more »