Meta and Tesla Are Suddenly Worth the Same $1.48 Trillion. Which Stock Wins from Here?
A photo finish in market value -- and a chasm in everything underneath it.
Overview
Two companies that agree on almost nothing closed Thursday agreeing on exactly one thing: what they're worth. Meta Platforms (NASDAQ: META) and Tesla (NASDAQ: TSLA) each ended the week at a market value of about $1.48 trillion.
Meta got there by falling. Its shares sit about 27% below their 52-week high, including a 4.9% slide on Thursday alone, as investors fret over its swelling spending plans and what artificial intelligence (AI) chatbots and agents could mean for its advertising machine. Tesla got there by falling, too -- about 21% below its high -- but on the same day it reported second-quarter deliveries up about 25% year over year.
Details
Same price tag, very different businesses. Which one wins from here?
Source
Originally published at www.fool.com.