Tesla Surpasses Warren Buffet’s Berkshire Hathaway, Becomes Sixth-Largest U.S. Company

On Friday, Tesla hit yet another all-time high, reaching $598.78 per share, before closing at $585 per share, resulting in a market cap of $555 billion.

Tesla’s recent surge has resulted in the company surpassing investment mogul Warren Buffet’s Berkshire Hathaway, which has a market cap of $542 billion. Tesla’s rally has made it become the sixth-largest company in the United States, according to Marketwatch.

With Tesla set to join the S&P 500 in December, shares have surged ahead of the inclusion. In 2020, shares of Tesla have gained an astonishing 600%, and there appears to be no end in sight just yet for how high the company can go. Some analysts have pegged a bull case for Tesla means it could reach $1,000 per share.