Tesla Tops Facebook To Become Fifth Most Valuable Company

Tesla (NASDAQ: TSLA) surpassed Facebook in terms of market value on Thursday, becoming the fifth most valuable company in the S&P 500 as its shares closed at another all-time high in heavy trading. Tesla’s stock soared by 8 percent to $816.04 on Thursday, taking the electric vehicle (EV) maker’s market capitalization to $773.52 billion, above Facebook’s (NASDAQ: FB) $765.45 billion. Thus, Tesla is now the fifth most valuable firm in the S&P 500 index it had joined just weeks ago. There are now only four companies with…