}
REUTERS / Steve Nesius
- Tesla became the ninth-highest-rated U.S.-listed company after its share price on Thursday was $ 2,000 per share, according to data from YCharts.com.
- The electric car maker has seen its stock rocket rise more than 45% since announcing it would implement a 5-for-1 stock split on August 11th.
- Tesla is now more valuable than Walmart, taking over less than $ 20 billion in market cap away from Johnson & Johnson.
- Here are the eight remaining S&P 500 companies that 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, just 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 in late August.
Year to date, Tesla has increased 378%. Investors have continued to bid after the company recorded its fourth straight quarter of profitability last month and is now 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.
But in a world of near zero interest rates, growth is tight and investors are willing to pay for it. In that case, Tesla showed a 1030x price-to-earnings multiple on Thursday.
Here are the eight remaining S&P 500 companies that are worth more than Tesla, after the Walmart move.
Read more: A $ 5 billion main market strategist shares 5 post-pandemic stocks to buy now for profit if COVID-19 cases are equal – and 2 big-tech winners to pay out
8. Johnson and Johnson
Ticker: JNJ
Market Cap: $ 398 billion
7. Fisa
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
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