11/27/2020, 4:18 PM (Source: TeleTrader)
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Tesla becomes bigger than Buffet's Berkshire

American electric vehicle and clean energy company Tesla managed on Friday to surpass Warren Buffett’s multinational conglomerate holding company Berkshire Hathaway in market cap at over $550 billion.

Tesla’s CEO Elon Musk overtook Bill Gates earlier in order to become the world’s second-richest person with a $128 billion fortune after his electric car company jumped in value to more than $500 billion.

Tesla stock went up after the news by 3.13% at 10:14 am ET.

Breaking the News / TF