- Meta overtook Tesla in market value for the first time in 16 months on Thursday.
- Mark Zuckerberg's social-media giant is now the seventh-largest company by market capitalization.
- Meta shares are up 77% this year, while Tesla slid Thursday on concerns about its profit margins.
Meta Platforms soared past Tesla in market value for the first time in 16 months on Thursday, thanks to the surge in its stock price this year and a sharp drop in Tesla shares on the day.