Tesla become sixth-largest U.S. company, surpassing Warren Buffett’s Berkshire Hathaway

Tesla Inc.
TSLA,
+2.04%
on Friday surpassed Berkshire Hathaway Inc.
BRK.A,
-0.85%
BRK.B,
-0.67%
as the sixth-largest U.S. company by market capitalization. The Silicon Valley electric-car maker ended Friday with a market cap of $555 billion, and Berkshire Hathaway ended the day with a market cap of $543 billion, according to FactSet. Berkshire’s assets dwarf Tesla’s to the tune of $829.9 billion compared with $45.7 billion. Tesla stock has been on yet another rally ahead of the company’s inclusion on the S&P 500 index next month.
SPX,
+0.24%
Tesla shares have gained 600% this year, compared with gains around 13% for the benchmark index.