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Tesla is Worth More Than [Insert Number Here] Car Companies
Entirety, everything, and all of it
Just in case we need some clarification, there’s BMW, Daimler AG (Mercedes), Toyota, Honda, and Volkswagen (subsidiaries are Porsche, Audi, Bentley, Lamborghini), Ford, Fiat-Chrysler, Ferrari, Hyundai and General Motors.
As of August 18, 2020, Tesla stands at a valuation of just under $400 billion.
The largest car companies below Tesla are Toyota, Volkswagen, Daimler, Ferrari, BMW, Honda, and General Motors in that exact order.
“Nothing sedates rationality like large doses of unearned money.”— Warren Buffet, 2000 Berkshire Hathaway annual report.
If we go from the second largest, Tesla is worth more than Toyota, Volkswagen, Daimler, Ferrari, and BMW combined.
Just between Toyota Motor Company and Volkswagen Group, the companies sold over 20 million cars in 2019 alone. Tesla sold 367,500. Yes, Tesla is new to the automotive world. Yes, Tesla is basically a start-up that only has a little under a decade developing cars. Tesla is also valued higher than everything it is competing against. And it’s valued higher than every single one of them, combined.
