Published on November 11, 2024 at 7:57 p.m. / Modified on November 11, 2024 at 7:59 p.m.
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Madness. As soon as the first results of the American presidential election were published in certain states on Wednesday morning, Tesla soared on the stock market by more than 14%. And this trend has not stopped, the title of the American automobile manufacturer soaring by 29% last week and by more than 10% this Monday. Investors are salivating at the idea of seeing Elon Musk, Donald Trump’s major financial backer, becoming his informal advisor at the White House. But the director of Tesla also risks disagreeing with the president-elect on several issues.
Before diving into the future of the electric vehicle manufacturer, some numbers. Tesla was already, well before the American election, the most valuable manufacturer in the sector. With a market capitalization of 1,100 billion dollars – or 250 billion more in one week – Elon Musk’s company is worth as much… as the ten largest manufacturers that follow him, calculated the specialized site Elektrek. Tesla is worth more than Toyota ($228 billion), BYD, Ferrari, Porsche, GM, Mercedes-Benz, Volkswagen, BMW, Ford, and Maruti Suzuki.
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