Tesla Worth More Than Next 35 Biggest Automakers Combined [Video]

Electric vehicle manufacturer Tesla is worth more than the next 35 biggest automakers combined, according to Newsweek‘s calculations.

Newsweek has contacted Tesla for comment via email.

Why It Matters

Tesla’s valuation has been on a meteoric rise, especially after the U.S. presidential election in November 2024.

The company’s stock soared post-Election Day, fueled by investor optimism in the possibility of favorable policies under the incoming administration.

Close up of Tesla logo on a charger at a Supercharger rapid battery charging station for the electric vehicle company Tesla Motors, in the Silicon Valley town of Mountain View, California, August 24, 2016. Tesla’s…Smith Collection/Gado/Getty Images

Its CEO, South African-born billionaire Elon Musk, is a close ally of President-elect Donald Trump.

Musk contributed heavily to the Republican‘s 2024 election campaign and has been selected by Trump to serve in his new administration.