Meta and Tesla Are Suddenly Worth the Same $1.48 Trillion. Which Stock Wins from Here?
Yahoo Finance ·
Two companies that agree on almost nothing closed Thursday agreeing on exactly one thing: what they're worth. Meta Platforms ( META 4.80% ) and Tesla ( TSLA 7.35% ) each ended the week at a market value of about $1.48 trillion. Same price tag, very different businesses. Which one wins from here? Meta's first quarter made the bear case harder to hold. Revenue rose 33% year over year to $56.31 billion, and the growth came from both levers of the social media giant's ad business: impressions climbed 19% while the average price per ad rose 12%. About 3.56 billion people used its apps daily in March, up 4% from a year earlier -- a figure that dipped slightly from the prior quarter on internet disruptions in Iran and a WhatsApp restriction in Russia, offering a reminder of how much of the planet this network already covers.
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