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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.
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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