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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWells Fargo stock sinks after weak second quarter net interest incomeSandy Pomeroy, senior portfolio manager at Neuberger Berman, joins 'Money Movers' to discuss Wells Fargos second-quarter earnings report and more.
Persons: Sandy Pomeroy, Neuberger Berman, Wells Fargos Organizations: Wells Locations: Wells Fargo
Elon Musk's company has lost nearly a Berkshire Hathaway's worth of market value. Tesla's $670 billion decline is roughly equivalent to three Disneys, four Nikes, or six Starbucks. Tesla's $670 billion drop in market value isn't far off the entire worth of Warren Buffett's Berkshire Hathaway ($685 billion). Moreover, Musk's electric-vehicle company has seen more than double the market cap of Home Depot ($324 billion), or the combined market caps of Coca-Cola ($268 billion) and PepsiCo ($255 billion) wiped off its market value. It also equates to around four Nikes ($162 billion), five Netflixes ($127 billion), six Starbucks ($113 billion), seven PayPals ($92 billion), and 12 GMs or Fords ($56 billion each).
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