Micron Earned More in 3 Months Than Tesla Did in 3 Years. Prediction: It Will Be Worth More Than Tesla Before 2028.
The EV maker is still worth around 20% more. How long can that last when the memory specialist earns this much more?
Overview
At the start of 2026, Tesla (NASDAQ:TSLA) was worth more than five times as much as Micron Technology (NASDAQ:MU). That gap has nearly closed. Micron stock has almost quadrupled this year, but Tesla shares are off around 17% as of this writing.
That leaves the EV maker worth about $1.47 trillion, versus around $1.22 trillion for the memory specialist.
Details
The profit gap, though, goes the other way, and it's not close. In its fiscal third quarter of 2026 (the quarter ended May 28, 2026), Micron's net income was $28.2 billion under generally accepted accounting principles (GAAP). Tesla's GAAP net income for 2023, 2024, and 2025 combined was around $25.9 billion.
Source
Originally published at www.fool.com.