Tesla (NASDAQ: TSLA) shares hit a record $695 per share last week, briefly vaulting its market cap to over $650 billion. Since then, it has given back some of those gains.
Earlier this year, another very well-known tech company blasted past a $650 billion market cap -- and never looked back. I'm talking about Facebook (NASDAQ: FB) , the world's biggest social media company.
Both Facebook and Tesla are part of the NYSE FANG + index, which tracks 10 highly traded tech giants, including Alphabet and NVIDIA . And with Tesla joining Facebook in the S&P 500 , millions of index fund investors now own a slice of both companies -- whether they like it or not.
For further details see:
Forget Tesla. Facebook Is a Better Buy Now