Tesla is now worth over $1 trillion and more than Ferrari and Toyota combined
- Tesla is worth more than $1 trillion
- Its valuation makes it the highest valued carmaker in the world
- And it seems the future is looking just as bright for Tesla
Published on Feb 25, 2025 at 10:18 AM (UTC+4)
by Claire Reid
Last updated on Feb 25, 2025 at 10:18 AM (UTC+4)
Edited by
Kate Bain
Elon Musk’s Tesla is now worth a staggering $1 trillion – making it the richest car company in the world, valued at more than Toyota and Ferrari combined.
Telsa originally hit the $1 trillion milestone back in 2021 – becoming only the seventh US company ever to achieve the milestone.
It held onto its $1 trillion valuation until March 2022, when its share price dropped off.
However, it was boosted back above the $1 trillion mark in November last year and has sat there since.
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Tesla’s fortune is boosted by more than just cars
In recent years, the popularity of EVs has enjoyed a surge – so much so the Tesla Model Y was the best-selling car in the world in 2023 and 2024.
Alongside their range of best-selling vehicles, the company’s fortune is also boosted by its work on autonomous bots, which founder Elon Musk has previously said ‘will be the biggest product ever of any kind.’
While the Optimus robots are yet to go into mass production, Musk reckons that in the future there could be as many as 20 billion AI bots strolling around the planet.
Whether the bots prove to be a huge success in the future remains to be seen, but there’s no denying the enduring popularity of Tesla’s vehicles – remember the wait for the Cybertruck to finally start deliveries?
The future is looking bright for Tesla
Tesla hit a $1 trillion valuation back in October 2021 – after it struck a deal to sell 100,000 vehicles to car rental company Hertz – but by March of the following year its stock had fallen.
In November 2024, its valuation once again tipped above $1 trillion, with a more recent valuation placing it at $1.063 trillion.
This means it’s worth more than Toyota and Ferrari, which are valued at around $236 billion and $76.9 billion respectively.
In fact, it’s the most valuable carmaker out there by a long stretch.
And it seems as though this isn’t set to change any time soon, according to experts.
Wedbush Securities analyst Dan Ives says that the firm has ‘unmatched’ scope when it comes to EVs.
“Tesla has the scale and scope that is unmatched in the EV industry and this dynamic could give Musk and Tesla a clear competitive advantage in a non-EV subsidy environment, coupled by likely higher China tariffs that would continue to push away cheaper Chinese EV players from flooding the U.S. market over the coming years,” he said back in November.
So, the carmaker could be looking ahead to a very prosperous 2025.
Claire Reid is a journalist who hails from the UK but is now living in New Zealand. She began her career after graduating with a degree in Journalism from Liverpool John Moore’s University and has more than a decade of experience, writing for both local newspapers and national news sites. Claire covers a wide variety of topics, with a special focus on cars, technology, planes, cryptocurrency, and luxury.
