Meta (META) and Tesla (TSLA) Reach $1.48 Trillion Market Value

Meta Platforms (META) and Tesla (TSLA) both ended the week with market capitalizations of approximately $1.48 trillion. Meta's stock fell 27% from its 52-week high, with a 4.9% decline on Thursday, as concerns over spending plans emerged. In contrast, Tesla experienced a 21% drop since its high but reported a 25% year-over-year increase in second-quarter deliveries, totaling 480,126 vehicles. Meta reported an earnings per share of $10.44, benefiting from an $8.03 billion tax gain, while projections for future capital expenditures rose to between $125 billion and $145 billion, influencing market sentiment.