Global companies by market cap: Tesla fell most in April – Reuters
- Date: 02-May-2023
- Source: Reuters
- Sector:Financial Markets
- Country:Saudi Arabia
Global companies by market cap: Tesla fell most in April – Reuters
May 2 (Reuters) - Tesla Inc (TSLA.O) was the biggest loser among top companies by market capitalisation in April, hit by disappointing quarterly earnings after it posted the lowest quarterly gross margin in two years.
Tesla's market cap dropped to $520.7 billion at the end of April from $657.5 billion in March, a 20.8% decline, pushing it to 9th in the rankings from 7th in January.
It was followed by China's Tencent Holdings <0700.HK,>, whose market cap fell 10.7% to $419.9 billion last month, amid heavy selling by technology investment firm Prosus (PRX.AS).
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