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Tesla has surged past $525 billion in market value and could soon overtake Warren Buffett's Berkshire Hathaway. Here's why that's astounding
1 month ago | By Business Insider
Summary List Placement
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.
Shares in Elon Musk's electric-vehicle company have rocketed up more than 500% this year, while Berkshire stock has only risen 2.4%.
The similarity in market caps is surprising, given Berkshire earned $255 billion in revenue last year, more than 10 times Tesla's $25 billion.
Buffett's company also had enough cash at the end of March to buy Tesla outright, as the automaker's market cap was below...
Read more ...
Tesla has surged past $525 billion in market value and could soon overtake Warren Buffett's Berkshire Hathaway. Here's why that's astounding
1 month ago | By Business Insider
Summary List Placement
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.
Shares in Elon Musk's electric-vehicle company have rocketed up more than 500% this year, while Berkshire stock has only risen 2.4%.
The similarity in market caps is surprising, given Berkshire earned $255 billion in revenue last year, more than 10 times Tesla's $25 billion.
Buffett's company also had enough cash at the end of March to buy Tesla outright, as the automaker's market cap was below...
Read more ...
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