Tesla recently dropped to 11th place among the ten largest U.S. companies by market capitalization, according to data from TradingView. The stock movement on March 6 saw shares retreat by 2.32%, narrowing Tesla’s market value to about $562.24 billion. In the same session, Visa, Tesla’s closest competitor on the ranking front, edged higher and raised its capitalization to around $563.38 billion, allowing the payments giant to overtake Tesla in the list of the nation’s most valuable firms.
As of now, the lineup of the top American companies by value includes Microsoft, Apple, Nvidia, Amazon, Alphabet, Meta Platforms, Berkshire Hathaway, Eli Lilly, Broadcom, and Visa. The order reflects a blend of technology, consumer platforms, healthcare, and financial services leaders that continue to shape the U.S. corporate landscape.
Tesla’s stock trajectory has been downward since the start of 2024, with a notable decline of roughly 29 percent over the first two months. This downturn has translated into a cumulative market-value reduction of about $228 billion for the electric-vehicle pioneer, underscoring the sensitivity of the firm’s valuation to production commentary, demand signals, and broader market sentiment.
In the broader narrative of wealth rankings, Elon Musk recently ceded the title of richest person in the world to Jeff Bezos, founder of Amazon, marking another shift in the global tech and investment arena. The changing fortunes of these high-profile executives serve as a reminder of how dynamic leadership, corporate strategy, and capital markets interact at the highest levels.
Earlier reports noted Tesla’s exploration of new convenience features, such as unlocking a vehicle with an Apple Watch. This type of integration illustrates Tesla’s ongoing emphasis on aligning its product ecosystem with popular consumer devices, potentially contributing to user experience advantages and brand resonance among tech-savvy buyers.