Investors Reward Telsa And Amazon With Higher Market Caps Compared To Their Peers
Tesla the upstart electric carmaker for example has roared ahead of Ford and has now surpassed the US motor pioneer in market value, as investors look to a future beyond the internal combustion engine.
Analysts however are not convinced of the sustainability of this as they remind investors that Ford earns money, lots of it and Tesla does not, at least not yet.
Shares of the e-commerce giant, Amazon rose above US$900 for the first time, as a result, Amazon is now worth more than US$430 billion nearly twice the market value of its rival Wal-Mart, which has a market cap of a mere US$220 billion.
The Jeff Bezos-led company is now more valuable than Facebook and Warren Buffett‘s Berkshire Hathaway. Only Apple, Google owner Alphabet and Microsoft are worth more than Amazon.BM