**Meta and Tesla Market Valuation Reaches $1.48 Trillion Each**
As of Thursday, both Meta Platforms (NASDAQ: META) and Tesla (NASDAQ: TSLA) finished the trading session with a market capitalization of approximately $1.48 trillion. Meta reported a 33% revenue growth last quarter, reaching $56.31 billion, while sustaining an operating margin of 41%. By comparison, Tesla’s second-quarter vehicle deliveries increased by 25% year-over-year, but its stock trades at more than 200 times forward earnings, significantly higher than Meta’s multiple of about 19 times.
Meta’s share price has fallen 27% from its 52-week high, affected by rising costs and concerns over artificial intelligence impacts on advertising. Despite this, its operating income rose to $22.9 billion with earnings per share at $10.44, boosted by a one-time tax benefit. Meanwhile, Tesla’s shares have dropped 21% from their peak, generating a modest profit of $1.10 per share in the past year, which primarily reflects future expectations rather than current financial performance.
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