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Elon Musk’s retreat from DOGE has lifted Tesla’s market cap by $158 billion—but the stock is still 50% off its December peak

Fortune LogoFortune1d ago

Elon Musk’s retreat from DOGE has lifted Tesla’s market cap by $158 billion—but the stock is still 50% off its December peak - Fortune

Quick Summary:

A TSLA stock rebound led to gains surpassing the current market caps of Amgen or Adobe.

On April 25, the day after my story appeared, the stock jumped another 10% to $285, nearly 20% above the $238 level preceding the CEO’s declaration.

By April of 2032, its earnings would be racing at $60 billion a year.

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Elon Musk’s retreat from DOGE has lifted Tesla’s market cap by $158 billion—but the stock is still 50% off its December peak - Fortune (Picture 1)

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Article Details

Author / Journalist: Shawn Tully

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-29 @ 15:23:15 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 546 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 137 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28287823

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About Fortune

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Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 63 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #95

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  • URL: https://apeiron.beamstart.com/news/elon-musks-retreat-from-doge-17459408551087

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