Quote:
Originally Posted by SupDock
Tesla now has a higher market cap than Wal-Mart.
According to reddit
Walmart:
Revenue: 134B
Net profit Margin: 3%
Tesla:
Revenue: 6B
Net profit Margin: 1.7%
This is wild
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It surpassed Walmart at yesterday's close. It might have passed Johnson and Johnson today. It was only around 20b market cap less yesterday.
I'm not sure where they got those revenue numbers, Walmart is 500+ Billion revenue and around 15 billion net income.
If Tesla passed JNJ that just leaves Visa, Berkshire and the big 5 tech larger then Tesla. Pretty crazy. Speaking of, Apple was up 5% on a random day today. Our large and mega caps are now jumping around like unknown microcaps that just got a positive segment or headline.