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Meta Overtakes Tesla, Hits $1.5 T Valuation

7/10/2026

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Summary

Story summary

Meta Platforms Inc. surpassed Tesla Inc. in market value, giving Meta a valuation above $1.5 trillion.
Meta shares fell 1.7% to $605.16, an 8.5% year-to-date decline, while Tesla stock slid more than 2.3% and is down about 21% since its December peak.
Meta will report earnings on July 29 and Tesla on July 22, prompting analysts to probe Meta’s AI spending and cloud business and Tesla’s stagnant sales and Chinese EV competition.

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Story summary

Meta Platforms Inc. surpassed Tesla Inc. in market value, giving Meta a valuation above $1.5 trillion.
Meta shares fell 1.7% to $605.16, an 8.5% year-to-date decline, while Tesla stock slid more than 2.3% and is down about 21% since its December peak.
Meta will report earnings on July 29 and Tesla on July 22, prompting analysts to probe Meta’s AI spending and cloud business and Tesla’s stagnant sales and Chinese EV competition.