Tesla has fallen below ExxonMobil in stock market value for the first time since 2020 as investors flock back to Big Oil and flee Elon Musk’s electric-car maker.
Exxon’s shares ended trading on Tuesday with a total market capitalisation of more than $439bn, up 1 per cent on the day and about 67 per cent higher than at the start of the year, according to S&P Global Market Intelligence.
Tesla’s market value was $435bn, down 8 per cent on the day and more than 60 per cent below its level in late October, when chief executive Elon Musk completed his $44bn takeover of social media platform Twitter.
您已阅读17%（599字），剩余83%（2963字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。