Tesla's share price took a decent jump upwards when Donald Trump was elected as the President of the United States. Enough to make the brand worth more than 28 other car brands – combined.
Tesla's share price has risen so much that the company is now worth more than 28 other car and motorcycle brands combined.
With a market value close to one trillion euros (approx. 7,200 billion Danish kroner, ed.), Tesla now far surpasses many of its competitors in the automotive industry.
Tesla was founded in 2003 and has since grown into one of the world's largest car brands. Investment analyst Jon Erlichman has put together data that shows Tesla's position in relation to a number of well-known car manufacturers.
According to Erlichman, Tesla is both worth more than Ford, BYD, Ferrari, Toyota and as many as 24 other car brands.
An analysis of the market values, prepared by the newspaper Bild on the basis of German figures from Finanzen.net, provides an overview of several of the largest car brands' financial position in relation to Tesla.
The list, updated on November 10, 2024, looks like this:
- Tesla: 969.94 billion euros
- Toyota: 214.15 billion euros
- General Motors: 57.49 billion euros
- Mercedes-Benz: 54.5 billion euros
- Volkswagen: 42.92 billion euros
- BMW: 41.61 billion euros
- Ford: 41.01 billion euros
- Honda: 39.57 billion euros
- Hyundai: 35.79 billion euros
Tesla has experienced a significant increase in value since the US election in which Donald Trump became president.
At Deutsche Bank, the assessment is that Trump's political line can give Tesla even more benefits.
In fact, the bank's analyst Edison Yu believes that the obvious connection between Tesla CEO Elon Musk and members of the incoming Trump administration, including Vice President JD Vance, is an obvious advantage.
However, there are also uncertainties in relation to Tesla's position. And especially in China. Because even though China is an important market for Tesla, and the car brand has built a factory in the country, the communist regime has also blocked Tesla in certain contexts. Read more about it here .
Furthermore, an escalation of the trade war between the US and China in particular could become a significant headache for Elon Musk and Co. Something that might be able to be read directly on the market in Denmark.
The vast majority of Model 3s here at home, for example, are built in China. But the Chinese may strike back if the US implements a ban on all the country's cars from 2028.
Despite the factory in China, Tesla's production still takes place primarily in the United States. And it may appease the new president, who has already announced additional tariffs on goods – including cars – that are not built in the United States.
Read more exciting news from and about the world of cars right here!
