News > Berkshire beats Tesla in the valuation race as growth stocks sputter

Berkshire beats Tesla in the valuation race as growth stocks sputter

After a $360 billion rout, Berkshire Hathaway Inc. has recently replaced Tesla Inc. as the fifth-largest business in the S&P 500 Index. The market value of the Elon Musk-led electric vehicle manufacturer’s shares closed at $604 billion on Tuesday. 46% decline in Tesla The benchmark S&P 500 Index and the heavily weighted Nasdaq 100 Index are both faring worse than the Dow Jones Industrial Average.