Tesla fell to 11th place among the ten largest companies by capitalization in the United States. This is proven by data Trading View.
Shares of the electric vehicle maker fell 2.32% during trading on March 6. As a result, the company’s market value fell to $ 562.24 billion. Meanwhile, the price of securities of its closest follower Visa increased slightly and the company’s capitalization increased to $ 563.38 billion, allowing one of the world’s largest payment systems to overtake Tesla . in the rankings.
The 10 most valuable American companies currently include Microsoft, Apple, Nvidia, Amazon, Aplhabet, Meta (recognized as extremist and banned in Russia), Berkshire Hathaway, Eli Lilly, Broadcom and Visa.
Tesla prices have been falling since the beginning of 2024. They have already fallen by almost 29% in two months, leading to a $228 billion drop in the company’s market value.
Elon Musk recently lost his title as the richest man in the world. Title took away Jeff Bezos, founder of Amazon.
Previously reportedTesla will let you unlock your car using your Apple Watch.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.