Tesla Officially Becomes The World’s Most Valuable Car Company
— 19 June 2020

Tesla Officially Becomes The World’s Most Valuable Car Company

— 19 June 2020
Garry Lu
Garry Lu

Having tailed the competition for some time now, Tesla has overtaken Toyota to officially become the world’s most valuable car company. As per the data collated by Visual Capitalist, the automaker (NASDAQ: TSLA) holds a market cap of US$183 billion, beating out Toyota’s (NYSE: TM) US$176 billion (as of June 16th).

An impressive feat, no doubt. Especially when you consider sales figures from the previous year. In the US alone, Toyota sold 2,383,349 vehicles while Tesla’s efforts amounted to just 192,250. Despite production output having steadily increased in the last few quarters, however, this certainly raises questions about whether Tesla’s stock is in fact overvalued.

Rounding out the rest of the top ten list, we have:

  • Volkswagen (VWAGY) at US$84 billion
  • Honda (NYSE: HMC) at US$45 billion
  • Damler (DDAIF) at US$44 billion
  • Ferrari (NYSE: RACE) & BMW (BMWYY) at US$42 billion
  • GM (NYSE: GM) at US$40 billion
  • Ford (NYSE: F) at US$26 billion
  • Nikola (NASDAQ: NKLA) at US$25 billion

Well, I’ll just say it outright – I’d really hate to be the bloke who thought shorting Tesla was a good idea. Moral of the story? Never try to disrupt a disruptor.

Find out more about Tesla becoming the most valuable car company in the world over at visualcapitalist.com.

Subscribe to B.H. Magazine

Garry Lu
After stretching his legs with companies such as The Motley Fool and the odd marketing agency, Garry joined Boss Hunting in 2019 as a fully-fledged Content Specialist. In 2021, he was promoted to News Editor. Garry proudly retains a blue belt in Brazilian Jiu-Jitsu, black bruises from Muay Thai, as well as a black belt in all things pop culture. Drop him a line at [email protected]


Share the article