Tesla TSLA Market Cap Overtakes Facebook FB, Becoming 5th Most Valuable Public Company in US

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In the trading session on Thursday, Tesla (NASDAQ: TSLA) shares again renewed the all-time high, surpassing Facebook’s market cap, and becoming the fifth most valuable public company in the US.

On January 7, the company’s shares spiked 8%, making fresh, new highs, and consolidating at an impressive $816.04. As a result, Tesla’s market capitalization reached $773.52 billion.

This made the manufacturer the fifth most-valued publicly traded company in the US, which means Tesla has outperformed Facebook, which has a market capitalization of $765.45 billion. Tesla has reached such a price for the first time, which is a new record and milestone for the company.

On January 7, during the session, Tesla shares were sold and bought for a whopping $39 billion, which is also a record for Tesla.

Over the past 12 months, Tesla has grown by over 740% to become the world’s most valuable car company, nearly surpassing the market cap of the world’s eight most valuable carmakers combined: Toyota, Volkswagen, BYD, NIO, Daimler, General Motors, BMW, and Ferrari.

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