Meta’s Market Value Passes Tesla’s—But Both Stocks Are Still Tanking
The post Meta’s Market Value Passes Tesla’s—But Both Stocks Are Still Tanking appeared on BitcoinEthereumNews.com. Topline Meta edged past Tesla in market value Wednesday—not because Meta’s stock rose, but because Tesla’s fell harder—setting up Meta’s earnings report later this month as a test of whether the tech giant’s big spending on artificial intelligence is paying off. Meta shares topped Tesla’s market value by more than $50 million. Photo illustration by Cheng Xin/Getty Images Key Facts Meta’s total market value crossed above Tesla’s on Wednesday, with Meta shares trading at $605.16 as of 1:25 p.m. EDT—giving the company a market value of over $1.5 trillion. Meta shares were down 1.7% on the day even as the milestone was reached, while Tesla’s stock slid over 2.3%, handing Meta the lead in market value by default rather than through any gain of its own. Meta has traded between $520.26 and $796.25 since last July and is now roughly around the middle of that range, well below the