Tesla has officially overtaken the world’s largest social media platform, Facebook, as the sixth-most valuable company in the world. It is now the most valuable company in the world that isn’t worth $1 trillion; the top five companies are worth $1.2 trillion or more.
After Tesla’s 7.94% boost in price per share during Thursday’s trading session, the company’s market valuation reached $773.52 billion, surpassing Facebook’s $765.44 billion value. Tesla shares closed out the day at $816.04, while Facebook saw a 2.06% rise in price to $268.74.
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