Tesla's stock hit a new record high following Trump's 2024 presidential election win, pushing its market valuation to a staggering $1.5 trillion. This surge in value places Tesla far ahead of its competitors, with its market cap exceeding the combined value of the next 29 automakers.
Tesla shares just reached a new all-time high following Trump 's victory in the 2024 presidential election, propelling the company to a massive $1.5 trillion valuation as of December 18, 2024. This graphic, via Visual Capitalist's Marcus Lu, highlights the most valuable automakers by market cap worldwide as of Dec. 13, 2024, based on figures from CompaniesMarketCap.com. Tesla accounts for nearly half of the market cap italization among global carmakers.
Its valuation surpasses the combined value of the next 29 automakers. Rank Name Market Cap USD Country Share % 1 Tesla $1.4T United States 48.3 2 Toyota $231B Japan 8.0 3 BYD $107B China 3.7 4 Xiaomi $98B China 3.4 5 Ferrari $81B Italy 2.8 6 Mercedes-Benz $63B Germany 2.2 7 Porsche $58B Germany 2.0 8 General Motors $58B United States 2.0 9 BMW $51B Germany 1.8 10 Volkswagen $48B Germany 1.7 11 Mahindra & Mahindra $44B India 1.5 12 Maruti Suzuki India $42B India 1.5 13 Ford $41B United States 1.4 14 Stellantis $41B Netherlands 1.4 15 Honda $40B Japan 1.4 16 Hyundai $37B South Korea 1.3 17 Tata Motors $35B India 1.2 18 SAIC Motor $30B China 1.0 19 Kia $27B South Korea 0.9 20 Seres Group $27B China 0.9 21 Great Wall Motors $27B China 0.9 22 Li Auto $23B China 0.8 23 Suzuki Motor $23B Japan 0.8 24 Geely $20B China 0.7 25 Chongqing Changan $17B China 0.6 26 Rivian $17B United States 0.6 27 GAC Guangzhou Auto $14B China 0.5 28 Renault $14B France 0.5 29 Subaru $12B Japan 0.4 30 XPeng $12B China 0.4 Other - $138B - 5.6 Total - $2.9T - 100.0 T Trailing far behind Tesla, the four other top automakers on the list are Toyota $231 billion, BYD $107 billion, Xiaomi $98 billion, and Ferrari $81 billion. Musk's Trump Connection Investors believe Elon Musk's close relationship with Trump, along with Musk's growing role in government, will serve as a powerful catalyst for Tesla. Additionally, some of the stock's recent gains hinge on expectations that Trump's planned corporate tax cuts will benefit U.S. companies
TESLA STOCK MARKET TRUMP AUTOMOBILES MARKET CAP
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