}
REUTERS / Steve Nesius
- Tesla on Thursday became the ninth-highest-rated company listed in the U.S. after its share price was more than $ 2,000, according to data from YCharts.com.
- The electric car maker has seen its stock rocket rise more than 45% since announcing a 5-for-1 stock split on August 11th.
- Tesla is now more valuable than Walmart, and its market cap is less than $ 20 billion taken away from Johnson & Johnson.
- Here, the eight remaining S&P 500 companies are worth more than Tesla.
- Visit the Business Insider website for more stories.
Tesla is now more valuable than the top 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 car manufacturer has grown more than 45% since announcing on August 11 that it would implement a 5-for-1 stock split later in the month.
Year to date, Tesla has increased 378%. Investors continued to bid for the company after registering its fourth straight quarter of profitability last month and being eligible to be included in the S&P 500 index.
The relative rating from Tesla to Walmart is astonishing when considering the financial profiles of both companies. In its last fiscal year, Walmart recorded $ 500 billion more in revenue than Tesla.
Read more: Stock marketer William O’Neil famously changed $ 5000 into $ 200,000 in a few years. Here is the 7-part model he uses to sniff out winning shares.
But in a world of near zero interest rates, growth is tight, and investors are willing to pay for it. Business point: Tesla presented a 1030x price-to-earnings multiple starting Thursday.
Here are the eight remaining S&P 500 companies worth more than Tesla after the Walmart move:
8. Johnson and Johnson
Ticker: JNJ
Market cap: $ 398 billion
7. Fisa
Ticker: V
Market cap: $ 432 billion
Read more: MORGAN STANLEY: Buy these 22 cost-saving shares if sales take a hit from COVID-19 – put them in position to break the market as the economic recovery continues
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
Read more: Steven Goldstein played the market for 25 years successfully before starting to train coaches who manage billions. Here are his 15 ‘golden’ rules that helped him guarantee investment success.
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
Read more: ETF managers targeting 2 of the market’s hottest themes gave us insights into their investment approaches – including a gig economics strategy that will rise 45% this year
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