Tesla's Market Cap Surges to Nearly Half of Global Auto Industry

What We’re Showing

In this graphic, we show the most valuable automakers by market cap in the world as of Dec. 13, 2024, based on figures from CompaniesMarketCap.com.

What to Know

Tesla shares have set a new all-time high following Trump’s victory in the 2024 presidential election, propelling the company to a massive $1.3 trillion valuation. Tesla accounts for nearly half of the market value among global carmakers.

Key Takeaways

• Investors believe that Elon Musk’s close relationship with Trump (and growing role in government) will be a powerful catalyst for Tesla. Some of the stock's gains have hinged on expectations that Trump's planned corporate tax cut will benefit U.S. manufacturers, including Tesla.
• The company's gargantuan market cap is not reflected in its production numbers. In 2023, Tesla sold 1.8 million vehicles. For comparison, Toyota sold 11.2 million vehicles last year.
• Based on current valuations, Tesla ($1.342T) is worth slightly more than the next 29 automakers combined ($1.336T).