Tesla stocks surge most among world’s top 10 most profitable companies in November

By Mahmut Cil

ISTANBUL (AA) - Tesla’s stocks surged the most among the world’s top 10 companies in November, as the global equity markets moved led by uncertainties rising from President-elect Donald Trump’s tariff promises and geopolitical risks.

The American electric vehicle (EV) maker performed the best in the share markets as its stock surged 38.15% at the end of October and 38.91% since January to $345.16.

Analysts cite Tesla owner billionaire Elon Musk’s close association with Trump throughout the presidential campaign and afterward.

Additionally, Trump tapped Musk and entrepreneur Vivek Ramaswamy to lead a new agency -- the Department of Government Efficiency -- which contributed to the movement of Tesla shares.

Amazon’s shares followed Tesla, rising 11.53% month-on-month on its decision to invest another $4 billion in the artificial intelligence (AI) firm Anthropic, while continuing large sales on its e-commerce platform.

Berkshire Hathaway, meanwhile, saw a 7.12% increase.

Apple was the fourth most profitable company among the top 10 in November, as its stock rose 5% to $237.33, followed by Microsoft at 4.21% to $423.46, Nvidia with 4.14% to $138.25, Saudi Aramco with 1.67% to $7.31 and Meta Platforms with 1.19% to $574.32.

Taiwan Semiconductor Manufacturing Company (TSMC) placed 10th as of the end of November with a 3.09% decline to $184.66.

Alphabet (Google) stocks lost 1.27% to $170.49 after the US Justice Department asked a federal judge to force Google to sell its Chrome web browser because of an alleged monopoly the firm created.

Apple, meanwhile, remained the world’s most valuable company at a $3.58 trillion market cap as of the last trading day of last month, followed by Nvidia with $3.38 trillion, Microsoft at $3.14 trillion and Amazon with $2.18 trillion.

Alphabet (Google) followed with $2.1 trillion, Saudi Aramco with $1.76 trillion, Meta Platforms with $1.4 trillion, Tesla with $1.1 trillion, Berkshire Hathaway with $1 trillion and the (TSMC) with $957.7 million.

*Writing by Emir Yildirim