Exxon Overtakes Tesla In Market Cap ...Middle East

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Exxon Overtakes Tesla In Market Cap
source : OILPRICE ( Middle East ) () 25
Exxon’s market capitalization rose above that of Tesla for the first time in two years as investors’ appetite for stable returns in energy stocks prevailed over their attachment to the tech and EV sectors. Bloomberg reports that since the start of the year the shares of the U.S. oil supermajor have gained 75 percent, suggesting Exxon might record its best annual stock performance in its history. In the meantime, Tesla’s stock has slumped by about 60 percent and is about to book its worst annual performance. Energy stocks as a…

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