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Tesla’s $14 Billion Rally Eclipses a Rout in Other Auto Stocks

Tesla is expected to largely escape the levies because it makes all of the cars it sells in the US at factories in California and Texas. — Tesla is expected to largely escape the levies because it makes all of the cars it sells in the US at factories in California and Texas.
Photographer: Joe Lamberti/Bloomberg

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By Matthew Griffin

March 27, 2025 at 6:23 PM UTC

This article is for subscribers only.

As shares of Elon Musk’s Tesla Inc. rally on Thursday, the jump in the size of the company dwarfed the decline in the value of its US rivals as the stocks responded to President Donald Trump’s latest tariff announcements.

Even small moves in Tesla’s stock have a huge market impact because the company is so much bigger than other automakers. Tesla’s 1.7% rise on Thursday brought the market capitalization of the company up $14.3 billion. While shares of General Motors Co. and Ford Motor Co. moved more — to the downside — their combined value only dropped by around $4.6 billion.