Tesla's market capitalization soared past $525 billion on Tuesday, leaving it within striking distance of the $549 billion market cap of Warren Buffett's Berkshire Hathaway.
Buffett's company also had enough cash at the end of March to buy Tesla outright, as the automaker's market cap was below $100 billion at the time.Tesla surged past $525 billion in market capitalization on Tuesday, leaving it less than 5% behind Warren Buffett's Berkshire Hathaway, which hit a record $549 billion market cap at the close of trading.
In contrast, Berkshire's shares have only climbed about 2.4% this year, trailing a 4% gain for the benchmark Dow Jones index over the same period. It also boasts a roughly $230 billion equity portfolio that includes more than $100 billion worth of Apple stock and billion-dollar stakes in American Express, Bank of America, Coca-Cola, and other blue-chip companies.
That's how bubbles work!
nice
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