Tesla becomes sixth largest US company, surpassing Warren Buffett’s Berkshire Hathaway

Tesla Inc. TSLA,
+ 2.04%
Friday passed Berkshire Hathaway Inc. BRK.A,
-0.85%
BRK.B,
-0.67%
as the sixth largest US company in terms of 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 eclipse Tesla’s to the tune of $ 829.9 billion compared to $ 45.7 billion. Tesla stock saw another rally ahead of the company’s inclusion in the S&P 500 index next month. SPX,
+ 0.24%
Tesla stock has gained 600% this year, compared to gains of around 13% for the benchmark.