By : Basel Khaled
A BanklessTimes.com analysis indicates that Tesla, Ford, and GM hold a market capitalization of over $ 1T. That's about 47% of the $2.307T 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 $958.67 billion(B).
Ford had a valuation of $66.99B while GM's stood at $64.35B.
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 $237.76 billion.
Further, the presentation reveals a significant German presence. Volkswagen (VW)leads its two other counterparts with a valuation of $108.54B. Mercedes Benz, on its part, held a capitalization of $75.83B, and BMW's was $56.91B.
Chinese, Dutch and one other Japanese manufacturer complete the top ten list. BYD holds a valuation of roughly $99.53B. Its Dutch counterpart Stellantis and Japan's Honda have caps of $51.50 and $48.31 billion, 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 936K units for $53.8B.
This discrepancy is due to the firm strictly producing electric vehicles. And while there's growing adoption of EV technology, it's still a long way from replacing traditional gas-powered cars or hybrids. Again, pure EVs are a bit pricey.
