Elon Musk’s Trump bet has paid off so well that Tesla is now worth more than most of the rest of the car industry combined
Posted: Nov 11, 2024
- Tesla CEO Elon Musk made a successful investment in Donald Trump's election, increasing Tesla's value significantly
- Tesla's stock continues to rise while other carmakers struggle due to China's economic slowdown and Trump tariffs
- Tesla's market capitalization increased by a third since Election Day, surpassing $1 trillion
- Tesla is now worth more than the next 15 largest carmakers combined
- Even when combining lower-ranked carmakers like Kia, Renault, and Nissan, Tesla is still ahead
- Elon Musk's support for Donald Trump has paid off well for Tesla, making it worth more than the combined value of the 15 largest carmakers
- Tesla's stock soared after Election Day, reaching a market cap of $1 trillion
- Market optimism is high due to expectations of a corporate tax rate cut and favorable legislation for autonomous vehicles
- Analysts are paying 100 times earnings for Tesla shares, leading to a large valuation gap compared to its peers
- Tesla's earnings estimates have been revised upwards, reflecting bullish predictions for car sales in the future
What do people on Reddit think?
🚨 Reddit sentiment: mixed/negative - Many comments express skepticism or confusion about Tesla's valuation attributed to political factors, questioning the sustainability and ethical implications. Summarized comments: - Commenter finds the return on investment from Musk's Trump bet to be immense - Speculation on Trump's deregulation benefits for Tesla - Confusion about Tesla's valuation given political alliances not typically aligned with EVs - Skepticism about Tesla's market valuation longevity and concerns about a potential crash - Observations that Tesla's valuation is similar to three years ago - Some attribute success to potential corruption or meme status Stock tickers discussed: $TSLA
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