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

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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 - Fortune

Quick Summary:

On Friday, Tesla reclaimed its place in the elite club of companies worth more than $1 trillion after adding a full third in market capitalization since Election Day less than a week ago.

Last week’s gains also reflect market optimism that Trump will deliver on his planned cut to the corporate tax rate from 21% down to 15% for U.S.manufacturers like Tesla.

Relative to its peers, Tesla is now worth more than the next 15 largest carmakers combined—from Toyota and General Motors all the way down to Jeep’s parent company Stellantis and Hyundai.