and posted in Technology

Tesla’s market capitalization surpassed its Facebook counterpart for the first time ever, becoming the fifth largest company in the S&P 500 by market cap.

At the end of Thursday’s trading, Tesla’s share rose by 7.9% to $ 816.04, the first time the stock closed above $ 800.

As for the market value of the electric vehicle manufacturer, it reached 773.52 billion dollars, surpassing the market value of Facebook, which amounted to 765.44 billion dollars.