Elon Musk’s Tesla becomes 6th-largest U.S. company

Elon Musk's Tesla becomes 6th-largest U.S. company

Elon Musk’s electric car-maker company Tesla has become the sixth-largest company in the U.S.

Tesla’s market cap reached $555.24 billion on Friday, surpassing that of Warren Buffett’s Berkshire Hathaway.

The Elon Musk-led Tesla now trails only tech stalwarts Apple Inc., Microsoft Corp., Amazon Inc., Alphabet Inc. and Facebook Inc. Apple is the most-value U.S. company with a market cap of $1.98 trillion while Facebook is worth $788.8 billion.

Tesla has gained $168 billion in market cap since S&P Dow Jones Indices announced on Nov. 16 that the automaker would be added to the benchmark S&P 500 on Dec. 21, according to data from the Dow Jones Market Group.



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