Tesla's stock is worth more than $100 billion more than all other car brands in the world combined. Its value has skyrocketed since Trump's election.
Tesla has achieved a remarkable position in the stock market. The electric car manufacturer's value now exceeds the value of all other car brands in the world combined.
At the close of trading on Wall Street on Wednesday, Tesla shares rose by 5.9 percent, bringing the car brand's total market value to $1.36 billion, equivalent to approximately 9.35 billion Danish kroner.
In comparison, the total value of the 42 other car manufacturers and groups that have or have recently had significant car production is $1,260 billion or approximately 8,650 billion kroner.
To put the numbers into perspective, Norwegian Motor mentions that the Norwegian oil fund, which is one of the world's largest, is worth 19,906 billion Norwegian kroner (approximately 13,650 billion Danish kroner).
Tesla's stock has seen a significant increase in recent months. Over the past six months, the share price has increased by 139 percent. After a significant drop in mid-October, the price has increased by 68 percent since the US presidential election on November 5.
Previously, Tesla's market value was on par with the 8-10 most valuable competitors. Now, however, Tesla has distanced itself significantly from the rest of the field. While Tesla has experienced strong growth, other car brands have had a more mixed development.
The Chinese car manufacturer BYD has increased by just over 25 percent over the past six months, while the Volkswagen Group has experienced a corresponding decline of 25 percent over the same period.
Toyota, the world's largest car manufacturer measured by the number of cars sold, has also declined over the past six months. However, the Japanese are mitigating the decline by 'only' 15 percent.
It is worth noting that the stock market is characterized by dynamics and fluctuations, and that the value of companies can change rapidly. In fact, from minute to minute.
