Tesla shares have surged by about 35% since Donald Trump’s presidential win, bolstered by Trump’s ties to Tesla CEO Elon Musk. Since the election, Tesla has added close to $250 billion to its value, pushing its market cap to over $1 trillion for the first time since 2022.
Tesla is now worth more than Toyota, Ferrari, General Motors, Porsche, and Ford combined.
The company’s stock has increased by over 44% overall in the past month, leaving Musk now richer by $70 billion. Musk spent at least $130 million to help Trump get elected.
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