Tesla is now more valuable than Berkshire Hathaway
| Tesla's market value tops Berkshire Hathaway There's a new milestone this week in the very low-key rivalry between Elon Musk and Warren Buffett.
As noted by Business Insider, thanks to its extraordinary enthusiasm among some investors, Musk's Tesla has a market value of $546 billion as of today's close vs $543 billion for Berkshire.  Tesla's revenues last year, however, are a bit more than one-tenth of Berkshire's top line and its price-to-earnings ratio is an astronomical 1161.
Even so, Tesla shares gained another 2% today to close at a record high of $585.76, up 600% this year. (That, of course, takes into account its 5-for-1 stock split at the end of August.)  In the head-to-head between the two CEOs, Tesla's stock gain has put Musk far ahead with an estimated net worth of $132 billion (#3 on the Forbes real-time ranking), compared to $87.4 billion for Buffett, ranked #6.
BUFFETT AROUND THE INTERNET Some links may require a subscription
BERKSHIRE STOCK WATCH
  BERKSHIRE'S TOP STOCK HOLDINGS - Nov 27, 2020
 Berkshire's top holdings of disclosed publicly-traded U.S. stocks by market value, based on today's closing prices.
Holdings are as of September 30, 2020 as reported in Berkshire Hathaway and New England Asset Management's 13F filings on November 16, 2020.
The full list of holdings and current market values is available from CNBC.com's Berkshire Hathaway Portfolio Tracker.
QUESTIONS OR COMMENTS
Please send any questions or comments about the newsletter to me at alex.crippen@nbcuni.com. (Sorry, but we don't forward questions or comments to Buffett himself.)
If you aren't already subscribed to this newsletter, you can sign up here.
-- Alex Crippen, Editor, Warren Buffett Watch
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Post a Comment