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Tesla’s market value surpasses an entire energy sector index

Elon Musk-led Tesla’s market value has surpassed that of an entire energy sector index, according to Bloomberg. The market capitalisation of the electric carmaker, headed by the world’s richest person, hit $1.2 trillion following a 43% surge in October. This is higher than the $1.1 trillion market value of the US equity benchmark index S&P 500’s energy sector.

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