US automakers combined market cap highest globally at over $1tn.
A BanklessTimes.com analysis indicates that Tesla, Ford and GM hold a market capitalisation of over $1tn, which is about 47% of the $2.307tn capped global car market. BanklessTimes’ presentation shows Tesla as the most valuable carmaker.
At the time of writing, the EV manufacturer held a cap of $958.67bn. Ford had a valuation of $66.99bn, while GM’s stood at $64.35bn.
Top 10 car makers by market cap
Toyota took the second spot on the global top 10 car makers’ list. The Japanese manufacturer held a market cap of $237.76bn. Further, the presentation reveals a significant German presence.
Volkswagen leads its two other counterparts with a valuation of $108.54bn. Mercedes-Benz, on its part, held a capitalisation of $75.83bn, and BMW’s was $56.91bn.
Chinese, Dutch and one other Japanese manufacturer complete the top ten list. BYD holds a valuation of roughly $99.53bn. Its Dutch counterpart, Stellantis, and Japan’s Honda have caps of $51.5bn and $48.31bn, respectively.
Tesla lags in volumes despite its huge market cap
Despite dwarfing all other manufacturers by market cap, Tesla lags in volume terms. Available data places the EV giant at the 20th slot globally. In 2021, the firm sold some 936 000 units for $53.8bn.
This discrepancy is due to the firm strictly producing electric vehicles. And while there is growing adoption of EV technology, it is still a long way from replacing traditional gas-powered cars or hybrids.
Again, pure EVs are a bit pricey.
Read the full story here: US automakers combined market cap highest globally at over $1 Trillion
Source: Holdings Ltd