market capitalization exceeded Boeing's on Wednesday, making it officially the highest-valued industrial company in the US.
Tesla's market value, or number of shares outstanding times its share price, was about $114 billion during intraday trading Wednesday. That's about $4 billion higher than Boeing, which had a market value of about $110 billion on Wednesday after falling as much as 15%. A year ago, Boeing's market value was roughly $200 billion more than Tesla's. Boeing's stock price has been dragged down by ongoing issues including two fatal crashes and the global grounding of the company's popular 737 Max airplane, which hits the one-year mark on Friday.
In addition, the company is reeling as coronavirus hits the airline industry. On Wednesday, Boeing reported that it had
markbspiegel Tesla isn't an industrial company. it's a tent company.
markbspiegel Hope the overtaking is not followed by sudden braking!
markbspiegel It didn't overtake. Boeing went backwards.
markbspiegel Must be the reason TSLA was trading very strong today. Pajama traders must've broken their piggy banks and bought an extra share each.
markbspiegel Crazy
Tesla's lofty valuation not realistic just like the rest of Unicorns in Silicon Valley. On the otherhand, Boeing's valuation is way under rated thanks for mishandling the P.R in the recent 737 crashes. There was nothing wrong with the Airframe or the Engines.
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markbspiegel And great for the nation - at 3x the labor per car, when they drive all the old efficient legacy out business, employment will skyrocket!