Tesla's market value approaches half of the global automotive industry!
Tesla's market value has approached half of the global automotive industry, reaching $1.5 trillion, surpassing the total of 29 other automakers. Despite its massive market value, Tesla's car sales in 2023 were 1.8 million units, far below Toyota's 11.2 million units
After Donald Trump's victory in the 2024 presidential election, Tesla's stock price soared, reaching a valuation of $1.5 trillion as of December 18, 2024.
The chart from Visual Capitalist ranks the world's most valuable automakers by market capitalization as of December 13, 2024.
Tesla accounts for nearly half of the market capitalization of global automakers, with a valuation exceeding the combined total of the 29 automakers that follow it.
The other four major automakers on the list are Toyota ($231 billion), BYD ($107 billion), Xiaomi ($98 billion), and Ferrari ($81 billion).
However, Tesla's enormous market capitalization is not reflected in its production numbers. In 2023, Tesla sold 1.8 million vehicles, while Toyota sold 11.2 million vehicles during the same period.
