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PlatinumPearl · 08-23-2020, 04:12 PM

Tesla just surpassed Walmart in market value. Here are the 8 remaining S&P 500 companies worth more than Tesla.

* Tesla on Thursday became the ninth-highest-valued US-listed company after its share price exceeded $2,000, according to data from YCharts.com.

* The electric-vehicle manufacturer has seen its stock rocket more than 45% since it announced a 5-for-1 stock split on August 11.

* Tesla is now more valuable than Walmart, and its market cap is less than $20 billion away from overtaking Johnson & Johnson.

* Here are the eight remaining S&P 500 companies worth more than Tesla.
Visit Business Insider's homepage for more stories.

Tesla is now more valuable than the bottom 492 companies in the S&P 500 - without being a member of the S&P 500 index.

At its intraday peak of $2,021.99 on Thursday, Tesla sported a valuation of more than $378 billion, above Walmart's market capitalization of $368 billion, according to data from YCharts.com.

The electric-vehicle manufacturer has surged more than 45% since it announced on August 11 that it would implement a 5-for-1 stock split later in the month.

Year-to-date, Tesla has surged 378%. Investors continued to bid up the company after it recorded its fourth straight quarter of profitability last month and became eligible to be included in the S&P 500 index.

The relative valuation of Tesla to Walmart is astounding when considering the financial profiles of both companies. In its latest fiscal year, Walmart recorded $500 billion more in revenue than Tesla.

But in a world of near-zero interest rates, growth is scarce, and investors are willing to pay up for it. Case in point: Tesla featured a price-earnings multiple of 1030x as of Thursday.

Here are the eight remaining S&P 500 companies worth more than Tesla after it surpassed Walmart:

8. Johnson & Johnson
Ticker: JNJ
Market cap: $398 billion

7. Visa
Ticker: V
Market cap: $432 billion

6. Berkshire Hathaway
Ticker: BRK.A/BRK.B
Market cap: $492 billion

5. Facebook
Ticker: FB
Market cap: $762 billion

4. Alphabet
Ticker: GOOGL/GOOG
Market cap: $1.07 trillion

3. Microsoft
Ticker: MSFT
Market cap: $1.61 trillion

2. Amazon
Ticker: AMZN
Market cap: $1.65 trillion

1. Apple
Ticker: AAPL
Market cap: $2.03 trillion

Source: markets.businessinsider.com
Website: https://bit.ly/2YsEdGu
Date: August 21, 2020

08-23-2020, 04:12 PM	#19
PlatinumPearl Member How Do You Identify?: Femme, Human Preferred Pronoun?: She, Her Join Date: Jul 2017 Location: Canada Posts: 1,116 My Photo Gallery Thanks: 948 Thanked 2,354 Times in 863 Posts Rep Power: 21474844	A Big Day for Elon and Tesla Tesla just surpassed Walmart in market value. Here are the 8 remaining S&P 500 companies worth more than Tesla. * Tesla on Thursday became the ninth-highest-valued US-listed company after its share price exceeded $2,000, according to data from YCharts.com. * The electric-vehicle manufacturer has seen its stock rocket more than 45% since it announced a 5-for-1 stock split on August 11. * Tesla is now more valuable than Walmart, and its market cap is less than $20 billion away from overtaking Johnson & Johnson. * Here are the eight remaining S&P 500 companies worth more than Tesla. Visit Business Insider's homepage for more stories. Tesla is now more valuable than the bottom 492 companies in the S&P 500 - without being a member of the S&P 500 index. At its intraday peak of $2,021.99 on Thursday, Tesla sported a valuation of more than $378 billion, above Walmart's market capitalization of $368 billion, according to data from YCharts.com. The electric-vehicle manufacturer has surged more than 45% since it announced on August 11 that it would implement a 5-for-1 stock split later in the month. Year-to-date, Tesla has surged 378%. Investors continued to bid up the company after it recorded its fourth straight quarter of profitability last month and became eligible to be included in the S&P 500 index. The relative valuation of Tesla to Walmart is astounding when considering the financial profiles of both companies. In its latest fiscal year, Walmart recorded $500 billion more in revenue than Tesla. But in a world of near-zero interest rates, growth is scarce, and investors are willing to pay up for it. Case in point: Tesla featured a price-earnings multiple of 1030x as of Thursday. Here are the eight remaining S&P 500 companies worth more than Tesla after it surpassed Walmart: 8. Johnson & Johnson Ticker: JNJ Market cap: $398 billion 7. Visa Ticker: V Market cap: $432 billion 6. Berkshire Hathaway Ticker: BRK.A/BRK.B Market cap: $492 billion 5. Facebook Ticker: FB Market cap: $762 billion 4. Alphabet Ticker: GOOGL/GOOG Market cap: $1.07 trillion 3. Microsoft Ticker: MSFT Market cap: $1.61 trillion 2. Amazon Ticker: AMZN Market cap: $1.65 trillion 1. Apple Ticker: AAPL Market cap: $2.03 trillion Source: markets.businessinsider.com Website: https://bit.ly/2YsEdGu Date: August 21, 2020