Tesla Is Now Worth More than Toyota, Ferrari, General Motors, Porsche, and Ford Combined

Tesla shares person surged by astir 35% since Donald Trump's statesmanlike win, bolstered by Trump's ties to Tesla CEO Elon Musk. Since the election, Tesla has added adjacent to $250 cardinal to its value, pushing its marketplace headdress to over $1 trillion for the first clip since 2022.

Tesla is now worthy much than Toyota, Ferrari, General Motors, Porsche, and Ford combined.

The company's banal has accrued by complete 44% wide successful the past month, leaving Musk now richer by $70 billion. Musk spent at slightest $130 million to thief Trump get elected.

Related: The 'Whale' Who Bet Big connected Donald Trump's Second Presidency Actually Won $85 Million, Way More Than First Reported. Here's How He Did It.

Musk is the richest personification successful the world astatine the clip of penning pinch a full nett worthy of $320 billion, according to the Bloomberg Billionaires Index. Amazon's Jeff Bezos is successful 2nd spot pinch a $235 cardinal fortune.

Elon Musk. (Photo by Jabin Botsford/The Washington Post via Getty Images)

Musk besides has a caller work connected his plate. On Tuesday, Trump appointed Musk to co-lead the caller Department of Government Efficiency pinch chap billionaire Vivek Ramaswamy.

The 2 are tasked pinch cutting down authorities spending, restructuring national agencies, and removing unnecessary regulations. They person until July 4, 2026, aliases the 250th day of the Declaration of Independence, to meet their goals.

Related: Donald Trump Hires Elon Musk and Vivek Ramaswamy to Bring 'Drastic Change' to the U.S. Government — And Gives Them a 2-Year Deadline