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Tesla's market cap dropped to $520.7 billion at the end of April
from $657.5 billion in March, a 20.8% decline, pushing it to 9th
in the rankings from 7th in January.
It was followed by China's Tencent Holdings <0700.HK,>, whose
market cap fell 10.7% to $419.9 billion last month, amid heavy
selling by technology investment firm Prosus.
On the other hand, Apple Inc and Microsoft Corp saw their market
values jump after robust first-quarter earnings.
Saudi Aramco, the world's third-most valuable company, saw its
market capitalisation jump to $2.2 trillion in April, a 12.5%
increase over March.
(Reporting by Patturaja Murugaboopathy and Gaurav Dogra in
Bengaluru; Editing by Mark Potter)
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