On January 6, 2025, Tesla's market capitalization reached $1.31 trillion, surpassing the combined value of General Motors, Ford, and Toyota. This positions Tesla as the eighth most valuable publicly traded company globally.
Toyota, the second most valuable automaker, ranks 35th overall with a market value of $264 billion. On the same day, Tesla's stock rose by 8.22%, closing at $410.44 on the Nasdaq.
Analysts remain optimistic about Tesla's future, particularly due to CEO Elon Musk's close ties with President-elect Donald Trump. Despite starting the previous week at $428.29, Tesla's shares faced volatility, ending the week down 4.92%, with a market value loss of $68.1 billion.
A key event for Tesla was the explosion of its Cybertruck in Las Vegas on Wednesday. While not caused by mechanical failure, the incident affected stock prices, which dipped to $374 on Thursday, the lowest since early December. However, investor sentiment shifted positively, with significant trading volume exceeding 95.34 million shares, leading to the stock's recovery to $410.44 on Friday.
Post-election, investor interest in Tesla has surged, with analysts predicting substantial growth in the global electric vehicle market.