Tesla's valuation is now less than Exxon Mobil amid the electric-vehicle leader's worst stock slump ever. Tesla is now the S&P 500's 12th most valuable firm measured by market capitalisation after previously climbing as high as fifth.The record plunge in Tesla stock has brought the valuation of the electric car company below oil giant Exxon Mobil's.
in public markets in 2010. Year to date, it has lost 61%, while Exxon has soared 76% as energy prices jumped after Russia launched its war on Ukraine.measured by market capitalisation after previously climbing as high as fifth. Exxon is ranked ninth on the S&P 500.
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