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Fortune

Christiaan Hetzner

Elon Musk’s Trump bet has paid off so well that Tesla is now worth more than most of the rest of the car industry combined

Tesla Inc. Elon Musk United States Donald Trump David Sacks

Elon Musk attends a Donald Trump Campaign Rally At Madison Square Garden In NYC (Credit: Michael M. Santiago—Getty Images)

Tesla CEO Elon Musk’s ‘all-in’ gamble to get Donald Trump elected president has proven so successful that a veritable chasm has opened up between his EV manufacturer and the rest of the auto industry.

As conventional carmakers trade at rock-bottom prices amid a broad industry malaise brought on by China’s economic slowdown and growing fears of Trump tariffs, Tesla’s stock continues to soar, creating one of the biggest valuation gaps it’s ever seen.

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