Elon Musk's net worth surged to $449 billion, largely attributed to Tesla's impressive market cap of $1.37 trillion, far surpassing legacy automakers like GM and Ford.
Tesla's stock, skyrocketing 1,153% over five years, reflects the stark contrast between its performance and that of traditional automakers, whose stocks have remained relatively stagnant.
While Tesla faces challenges like potential loss of EV tax credits and declining U.S. sales, analysts believe it can endure better than legacy automakers due to its profitability.
The relationship between Tesla and the Trump Administration raises questions about its influence on customer sentiment, particularly among liberal consumers, although quantifying this effect is challenging.
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