Tesla vs. Apple: Is Tesla's stock starting to emerge as Apple's biggest rival?

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The shares of the biggest tech companies in America have seen significant declines thus far in 2022.

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Tesla shares owned by Elon Musk are significantly cheaper than the priciest stock.

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However, Tesla stock has behaved most similarly to Apple stock.

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Tesla, a manufacturer of electric cars, has seen a nearly 22% decline in share price this year.

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While Apple, a major IT corporation, has seen a 15% decline in share price this year.

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Apple's polar opposite appears to only be Tesla Company.

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Due to their respective market caps of $2.4 trillion and $863 billion, Tesla and Apple make up the majority of the market cap.

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Because of this, these businesses profit from investments made into funds that follow the major indices.

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Both businesses are also less reliant on the business cycle than other tech firms.

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Tesla, owned by Elon Musk, is quickly overtaking all other electric vehicle manufacturers in the globe.

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Is It True That Elon Musk Uses Tesla'S Money To Fund His Other Projects? - haymakertavern

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