Musk played three aces, proving that Tesla is still the world's top car company, truly leading the way and worth having. A few days ago, Tesla's market value plummeted by 490 billion yuan overnight, and the outside world began to view it pessimistically. Unexpectedly, Tesla immediately bounced back, with its market value surging by over 1 trillion yuan overnight. A surge of 1 trillion yuan! Musk played three aces, proving that Tesla is truly far ahead.

1. Overnight surge of 1 trillion yuan

Musk introduced two new vehicles, the Tesla Cybercab and Robovan, along with the humanoid robot Optimus, in 20 minutes.

The outside world believed these products were far from being realized, unable to digest the grand vision Musk painted. Subsequently, Tesla's market value plummeted by 70 billion USD overnight, equivalent to about 490 billion yuan.

However, on October 24, Tesla strongly rebounded, with its stock price soaring by 21.92% overnight. This was Tesla's second-best single-day increase in stock price history, second only to the 24.4% increase on May 9, 2013.

On that day, Tesla's stock price reached as high as 260.48 USD, with a total market value of 832.1 billion USD, a surge of about 150 billion USD overnight, equivalent to over 1 trillion yuan.

This single-day increase in Tesla's market value surpassed the total market value of General Motors, Ford, and Stellantis combined.

In addition, the market value of Chinese car company BYD is about 120 billion USD, and Li Auto is about 30 billion USD. In other words, the increase in Tesla's market value overnight is equivalent to one BYD plus one Li Auto.

From the perspective of market capitalization, there are no Chinese car companies that can compete with Tesla.