Tesla overtakes Facebook to become the 5th-most-valuable company in the S&P 500
Matthew FoxJan 8, 2021, 03:18 IST
Tobias Schwarz/AFP via Getty Images, Sven Hoppe/Picture Alliance via Getty Images
Tesla overtook
Facebook on Thursday to become the fifth-most-valuable company in the S&P 500.
Tesla s market capitalization of $767 billion was greater than Facebook s $765 billion, as of Thursday afternoon trades.
Tesla is already up as much as 15% year-to-date, and the surge in the stock has cemented Musk as the richest man in the world.
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The additional 25 per cent tariffs on certain French products were announced in July 2020 in response to France s DST that impacts major US technology companies, and were scheduled to come into effect on Wednesday, Xinhua news agency quoted the USTR s Office as saying in a statement issued on Thursday.