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Opinion
Chris Bryant

A $1 Trillion Tesla Almost Makes You Feel for the Other Car Giants

Rivals have tried every trick in the book to rein in Tesla’s lead. So far nothing has really worked. 

The only one laughing.

The only one laughing.

Photographer: HANNIBAL HANSCHKE/AFP

Call me sentimental, but while everyone was lauding Tesla Inc.’s astonishing rise to a more than $1 trillion market value on Monday, all I could think about was how wretched the rest of the auto industry must feel, and how they might respond.

In just one frenetic trading session, Tesla added $118 billion to its worth, or almost double that of Ford Motor Co.’s entire market capitalization.