5 Most Valuable Car Companies in the World

Page 5 of 5

1. Tesla Inc. (NASDAQ: TSLA)

Market cap: $593.8 billion

Topping the list of the 11 most valuable car companies in the world is American electric vehicle company Tesla Inc. Tesla has been one of the fastest-growing companies during the pandemic, delivering almost half a million electric vehicles in 2020. The company’s market share dropped to 69% in February 2021, according to a Morgan Stanley study, as Ford (NYSE: F) enters the scene with the new all-electric Ford Mustang Mach-E. Tesla also provides battery solutions such as “Powerwall” for homes and offices in addition to manufacturing electric vehicles.

Elon Musk recently confirmed on Twitter that the company would accept Bitcoin as payment for electric vehicles in the United States, where the cryptocurrency has increased by 5% after the announcement.

Tesla’s total revenue in 2020 came in at $31.5 billion. The stock has gained 483% over the last twelve months. 

Tesla Motors Inc (NASDAQ:TSLA), Car, Model S, Sign, Showroom, Brand, Logo, automotive, sales

Hadrian / Shutterstock.com

You can also take a peek at 10 Best Battery Stocks to Buy Now and 15 Richest People in Africa.

Page 5 of 5