Tesla has surged past $525 billion in market value and could soon overtake Warren Buffett's Berkshire Hathaway. Here's why that's astounding | Markets Insider

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Tesla become sixth-largest U.S. company, surpassing Warren Buffett's Berkshire HathawayTesla Inc. undefined on Friday surpassed Berkshire Hathaway Inc. undefinedundefined as the sixth-largest U.S. company by market capitalization. The Silicon... Irreality. For now To quote Elon Musk: 'lol'
Source: MarketWatch - 🏆 3. / 97 Read more »

Tesla market value crosses $500 billion as shares surge six-fold this yearTesla Inc crossed $500 billion in market value on Tuesday as investors lapped up its shares in the run-up to its addition to the S&P 500 index, extending a meteoric rally that has seen the stock gain more than six times this year. what could go wrong Exactly why I don’t care to bailout corporations. 🤷🏽‍♀️
Source: Reuters - 🏆 2. / 97 Read more »