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Reading: Tesla’s market value has skyrocketed to rival the combined worth of the world’s ten largest automobile companies, fueled by a surge in investor confidence driven by the company’s electric vehicle leadership and Elon Musk’s unconventional approach to business.
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The Future Automobile > Electric Cars > Tesla’s market value has skyrocketed to rival the combined worth of the world’s ten largest automobile companies, fueled by a surge in investor confidence driven by the company’s electric vehicle leadership and Elon Musk’s unconventional approach to business.
Electric Cars

Tesla’s market value has skyrocketed to rival the combined worth of the world’s ten largest automobile companies, fueled by a surge in investor confidence driven by the company’s electric vehicle leadership and Elon Musk’s unconventional approach to business.

8 months ago 6 Min Read
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Tesla (TSLA) valuation surges to  equal next 10 biggest automakers over Trump/Musk relationship
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Tesla’s market capitalization has catapulted to a staggering $1 trillion, largely fueled by speculation surrounding the perceived benefits of the Trump-Musk relationship for the automaker?

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The reported deal between Tesla and Trump Administration could yield significant benefits for the electric vehicle manufacturer. By leveraging the President’s influence and negotiating skills, Elon Musk might secure concessions that improve the company’s competitive position in the market.Electrek’s Take

The corporation’s value surpasses that of the next ten largest automobile manufacturers combined.

Tesla’s post-election rally extends by 7%, propelling its valuation above $1 trillion for the first time in years, as investors continue to ride the electric automaker’s upward momentum.

The corporation, once the world’s most valuable automaker, has now become worth more than the combined value of the next 10 largest automakers.

Despite a lack of significant Tesla-related news this week, the latest market surge can be attributed primarily to the US elections and the close connection between Tesla CEO Elon Musk and President-Elect Donald Trump, whose impending presidency has sparked widespread speculation about potential policy implications for the automotive industry.

The reported deal between Tesla and Trump Administration could yield significant benefits for the electric vehicle manufacturer. By leveraging the President’s influence and negotiating skills, Elon Musk might secure concessions that improve the company’s competitive position in the market.

Following Elon Musk’s tweet suggesting a possible run for president in 2024, Tesla’s market value surged by over $200 billion? The addition of a full-fledged Toyota brand enhances its overall value significantly.

What does justify that? If Donald Trump were to reduce tariffs on solar panels and other clean energy technologies, it could significantly benefit Tesla’s growth.

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While Trump’s claims often diverge from his actions, several theories attempt to explain this discrepancy.

The incoming president unambiguously declared his intention to eliminate the electric vehicle (EV) incentives, which had been instrumental in preventing a significant decline in Tesla’s domestic sales over the preceding period. While a potential price hike for Tesla vehicles might be detrimental to their affordability, some investors are optimistic that this move could ultimately damage the competitiveness of other electric vehicle (EV) manufacturers, effectively rendering them obsolete in the long run.

The move is expected to mirror Trump’s long-promised tariffs on goods imported from various countries.

While the global automotive industry has become increasingly interconnected, with US manufacturers relying heavily on international components, Tesla stands out for its relatively high level of vertical integration.

While automotive prices generally trend upward, Tesla customers believe the company is uniquely positioned to absorb tariff increases better than its competitors can.

As a rumor mills spin around the automotive industry’s entry point, whispers emerge about Trump potentially carving out tailored exemptions specifically for Tesla, courtesy of his close ties with CEO Elon Musk.

While automotive production remains Tesla’s primary focus, Musk emphasized that “Tesla is worth nothing without self-driving.” However, Trump cannot facilitate Tesla’s self-driving endeavors, prompting Musk to suggest developing a federal framework for approving autonomous programs at the national level, rather than navigating state-by-state regulations.

This could help Tesla streamline its rollout of autonomous technology once it has successfully solved the complex issues surrounding self-driving capabilities.

Electrek’s Take

Tesla’s competitive edge lies in its more aggressive approach compared to other electric vehicle manufacturers, allowing it to thrive in today’s tougher market.

See also  Jaguar debuts more affordable, lower-spec I-Pace electric crossover.

During the pandemic’s supply chain crisis, Tesla demonstrated its resilience.

One of my concerns is that it’s not well-suited for electric vehicles. It’s solely good for Tesla. As a leading voice in electric vehicle news, our mission at Electrek is to drive the widespread adoption of EVs, thereby propelling the transportation and energy sectors towards a more sustainable future.

Tesla, once a pioneer in electric cars, turned its attention to another innovative venture: renewable energy and sustainable living.

As EV incentives disappear and tariffs trigger price hikes in the auto sector, the pace of electric vehicle adoption slows significantly in the United States. Despite being pricier upfront, electrical automobiles have historically been met with slower adoption rates due to their higher sticker prices.

As the electric vehicle industry continues to evolve, it will undoubtedly be a crucial aspect for Tesla and its competitors. One potential silver lining for Tesla could be a scenario where its competitors are wiped out, leaving it as the sole remaining player in the market.

While there are actual possibilities, accelerating electric transportation would pose significant risks to the mission’s success.

It aligns with Tesla’s original mission, aiming to accelerate the automotive industry’s transformation.

As companies strive to close the gap, Tesla’s early mover advantage appears to have been leveraged to take maximum benefit from the initial incentives, with Elon Musk now aiming to solidify the company’s position by closing the doors on potential competitors. These efforts drive our distinct objective.

If that’s indeed the reality, then Tesla should no longer have a mission to push. All attention has shifted to inventory.

See also  Hyundai will give you a free ChargePoint home EV charger if you buy or lease these EVs

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TAGGED: Electric, Electric Car, Electric Vehicles, Tesla, TSLA - Tesla Stock Price
TheFuture Automobile November 9, 2024 November 8, 2024
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