Tesla stock jumps more than annual economic output of 160 countries, market value surpasses BMW, Ford, Ferrari, Porsche combined

The run-up in billionaire Elon Musk's Tesla stock alone since the US election 2024 amounts to more than the annual economic output of 160 countries. Tesla’s total market value has grown to about $1.3 trillion, more than the worth of General Motors, BMW, Ford, Ferrari, Porsche and a dozen other top car makers combined, as per a report.

Musk thinks that, if anything, the stock should be higher, as per the AP report. "I see a path for Tesla being the most valuable company in the world — by far, not even close," he said Wednesday, before doubling down on that statement. "There is a path where Tesla is worth more than the next five companies combined," Musk said.

That would mean surpassing the likes of Microsoft, Apple and Nvidia. Tesla is currently the seventh-most valuable company in the S&P 500, AP reported.


Musk says the true value of company lays in a future of Tesla robots, thousands of them possibly by the end of the year, and in unsupervised, driverless vehicles. He promised in Tesla's investor conference call to start offering such robotaxis in June in Austin, Texas, and across the country by the end of next year, as per AP report.

FAQs

Q1. What is Tesla's market value?
A1. Tesla’s total market value has grown to about $1.3 trillion, more than the worth of General Motors, BMW, Ford, Ferrari, Porsche and a dozen other top car makers combined.

Q2. What is Tesla's current position?
A2. Tesla is currently the seventh-most valuable company in the S&P 500.