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Tesla just surpassed Walmart in market value. Here are the 8 remaining S&P 500 companies worth more than Tesla.

Aug 21, 2020, 21:27 IST
Business Insider
REUTERS/Steve Nesius
  • Tesla on Thursday became the ninth-highest-valued US-listed company after its share price exceeded $2,000, according to data from YCharts.com.
  • The electric-vehicle manufacturer has seen its stock rocket more than 45% since it announced a 5-for-1 stock split on August 11.
  • Tesla is now more valuable than Walmart, and its market cap is less than $20 billion away from overtaking Johnson & Johnson.
  • Here are the eight remaining S&P 500 companies worth more than Tesla.
  • Visit Business Insider's homepage for more stories.
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Tesla is now more valuable than the bottom 492 companies in the S&P 500 — without being a member of the S&P 500 index.

At its intraday peak of $2,021.99 on Thursday, Tesla sported a valuation of more than $378 billion, above Walmart's market capitalization of $368 billion, according to data from YCharts.com.

The electric-vehicle manufacturer has surged more than 45% since it announced on August 11 that it would implement a 5-for-1 stock split later in the month.

Year-to-date, Tesla has surged 378%. Investors continued to bid up the company after it recorded its fourth straight quarter of profitability last month and became eligible to be included in the S&P 500 index.

The relative valuation of Tesla to Walmart is astounding when considering the financial profiles of both companies. In its latest fiscal year, Walmart recorded $500 billion more in revenue than Tesla.

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Read more: Stock-market wizard William O'Neil famously turned $5,000 into $200,000 in just a few years. Here's the 7-part model he uses to sniff out winning stocks.

But in a world of near-zero interest rates, growth is scarce, and investors are willing to pay up for it. Case in point: Tesla featured a price-earnings multiple of 1030x as of Thursday.

Here are the eight remaining S&P 500 companies worth more than Tesla after it surpassed Walmart:

8. Johnson & Johnson

Ticker: JNJ
Market cap: $398 billion

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7. Visa

Ticker: V
Market cap: $432 billion

Read more: MORGAN STANLEY: Buy these 22 stocks that are slashing costs as sales take a hit from COVID-19 — putting them in position to smash the market as the economic recovery continues

6. Berkshire Hathaway

Ticker: BRK.A/BRK.B
Market cap: $492 billion

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5. Facebook

Ticker: FB
Market cap: $762 billion

4. Alphabet

Ticker: GOOGL/GOOG
Market cap: $1.07 trillion

Read more: Steven Goldstein successfully played the market for 25 years before starting to coach traders who manage billions. Here are his 15 'golden' rules that helped him ensure investing success.

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3. Microsoft

Ticker: MSFT
Market cap: $1.61 trillion

2. Amazon

Ticker: AMZN
Market cap: $1.65 trillion

1. Apple

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Ticker: AAPL
Market cap: $2.03 trillion

Read more: ETF managers who target 2 of the market's hottest themes gave us inside looks into their investing approaches — including a gig economy strategy that is up 45% this year

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