Market capitalization recovers to 1 trillion dollars! Surpassing TSMC, is Tesla's comeback for real? The truth beyond the 'Trump effect'.

With four consecutive days of increase,Achieving a cumulative increase of over 32%,recorded, $Tesla (TSLA.US)$as of November 8th, the market capitalization reached $1.03 trillion,returning to the $1 trillion club since March 2022.。そして、月曜日（11月11日）に、テスラは更に9％上昇し、時価総額で台湾TSMCを抜いて米国株式市場の7位に浮上した。ウェドブッシュのアナリスト、アイブズ氏は、テスラの目標株価を400ドルと、ウォール街で最高に引き上げた。テスラ株の躍進とともに、マスク氏の資産は304 billionドルreached, maintaining the position of the world's richest person.

Currently, there are 9 companies with a market capitalization exceeding 1 trillion dollars.3 companiesreached. $NVIDIA (NVDA.US)$、 $Apple (AAPL.US)$、 $Microsoft (MSFT.US)$3 trillion dollars or more.Among them, 3 companies have a market capitalization of 3 trillion dollars or more.、 $Amazon (AMZN.US)$and Alphabet, the parent company of Google $Alphabet-C (GOOG.US)$がover 2 trillion dollars、 $Meta Platforms (META.US)$、 $Taiwan Semiconductor (TSM.US)$、 $Tesla (TSLA.US)$と $Berkshire Hathaway-A (BRK.A.US)$Thebetween 1 trillion dollars and 2 trillion dollarsTo surpass Taiwan's TSMC, Tesla has only a little more to go.exceeded $10 billionis.

$Tesla (TSLA.US)$the stock price surgedue to the close relationship with the next President, Donald Trump, supporting the company's growth.and expected. Mr. Trump publicly stated that he would take favorable actions for Mr. Musk's companies.Mr. Trumphas stated that he will take measures favorable to Mr. Musk's companies.Rethinking the plan to delay the transition to electric vehicles.and supports SpaceX, led by Mask (which accounts for Mask's net assets of $82 billion) and the company's Mars landing plan.

Investors believe that with the return of Mr. Trump to the White House in January 2025, Tesla will benefit. Mr. Trump has suggested the possibility of repealing the $7,500 electric car tax deduction introduced by the Biden administration.due to the elimination of the electric vehicle tax deduction measure.This is because of the potential implication.Since the implementation of this tax deduction, Tesla's market share has been continuously shrinking.According to Cox Automotive, an automotive services and data group, Tesla's U.S. EV market share in the second quarter of 2024 dropped 9.3 percentage points year-on-year to 49.7%, breaking below 50% for the first time.fell below 50% for the first time.。 なぜ税額控除の撤廃がテスラにとって有利になるのか。Wedbushのアナリスト、Dan Ives氏によると、テスラの市場規模、技術、価格における電気自動車業界での優位性が際立っており、補助金がない環境下でテスラが大きな競争優位性を獲得しやすいからだという。

Ives氏は「トランプ氏がホワイトハウスに戻れば、テスラ（およびWaymo）のFSD (full self-driving)と自動運転計画が加速する可能性added," If autonomous driving/FSD progresses rapidly from 2025 and becomes a tailwind for Tesla's autonomous taxi, 'Cybercab,'Tesla's stock price40-50 dollarscould riseI think

Considering that major US auto manufacturers are incurring huge losses as they expand their EV production capacity (for example, $Ford Motor (F.US)$suffered a loss of $2000 per EV sold in the latest quarterper vehiclerecordedLow-priced electric vehicles (EVs), especially Chinese EV manufacturers,、the most significant risk for Tesla's revenueThreats to Tesla are not U.S. auto manufacturers that incur losses with each EV sale, but Chinese manufacturers that have already achieved economies of scale and can produce EVs at low prices. Tariff measures may likelyimmediately strengthen Tesla's price competitivenessI guess.

At a recent earnings call, Tesla's CEO mentioned, "affordable cars"と「自動運転の到来」により、来年は 「自動車の成長率 」が20％から30％に達するとの 「最良の推測 」を示した。 テスラは10年以上にわたり、無人運転車の技術を約束し、開発してきた。米国の主要な競争相手であるアルファベット傘下のWaymoは先行しており、すでにいくつかの主要都市で商業用ロボットタクシーサービスを展開している。 第3四半期の決算説明会でマスク氏は、トランプ＝バンス政権の下で「自動運転車の連邦承認プロセス」を確立するために自身の影響力を行使すると述べた。現在、承認は州単位で行われており、これはテスラが部分的に自動化された運転システムを超えるものを提供する際に克服すべき規制上の障害とマスク氏は見ている。