Tesla Eyes Another Milestone as Valuation Nears Facebook’s
- Company is currently the sixth-largest in the S&P 500
- Tesla rallied on Wedesday, building on 2020’s sharp jump
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Tesla Inc. shares rallied on Wednesday, extending a recent advance that has brought the electric-vehicle company’s market value within striking distance of matching Facebook Inc.’s.
Shares of Tesla rose 4.8%, giving it a market capitalization of more than $730 billion. Facebook declined 2%, taking its valuation to roughly $756 billion.