For most of the last century, the auto industry has been a safe and stable place to put your money. Most automakers had steady growth, and investors almost always got back more money than they put in. All of this changed when Tesla and other companies with similar ideas entered the market.
In 2010, a share of Tesla was only worth $3.84, while a share of Ford was worth $11.64. On the other hand, Tesla’s share price is $626.16 and Ford’s is $12.42. (all share prices are correct at the time of writing). Since Henry Ford started making the Model T in large numbers, the market hasn’t been this unstable.
Tesla isn’t the only company that makes a big difference. Rivian, which makes electric trucks and SUVs, only made 920 cards in 2021, but the value of the company is about the same as Ferrari’s.
A new electric company that has only been around for a few years is just as valuable as a high-end car brand that has been around since 1939.
This kind of exponential money growth is scary for companies that have been around for a long time but are too slow to keep up with the times. Most of them have already made their electric cars or cars that run on other types of fuel, so they will still be around for a while. Here are the 10 most valuable car companies in the world right now.
Honda ($42 Billion)
The Honda Motor Company has been around since 1948. It makes cars, motorcycles, and power tools. Honda became the biggest motorcycle maker in the world in 1959 and has kept that title ever since.
Because of this title and the fact that Honda is the second-largest automaker in Japan, its market value is about $42 billion. This makes it the 10th most valuable automaker in the world.
Stellaris ($45 Billion)
Stellaris is the parent company of many automakers around the world. It was founded in 2021. The conglomerate was made when the PSA Group and Fiat Chrysler Automobiles joined together.
Stellaris will be in charge of Alfa Romeo, Abarth, Chrysler, Citron, Dodge, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, RAM, and Vauxhall as of 2022. SStellariswill also is in charge of Fiat Professional, DS Automobiles, and Mopar, which are sub-brands of Fiat.
Ford (50 billion dollars)
The Ford Motor Company has been around since 1903, and it is the second most valuable of the “Big Three” companies in the US right now. Ford is the parent company of many different companies around the world.
In 2021, it made about 2 million cars. This number would be higher, but one of the companies hardest hit by the shortage of semiconductors was/is Ford, which is still having trouble with production.
GM ($51 Billion)
General Motors is the most valuable of the “Big Three” US companies right now, but only just. GM is worth $51 billion on the market right now.
In 2021, GM’s subsidiaries, which include Chevrolet, Cadillac, Buick, GMC, and the Chinese brands Wuling and Baojun, made an impressive 6.2 million cars.
BMW ($54 Billion)
In 1916, an aircraft engine company, an aircraft builder, and a car company came together to form Bayerische Motoren Werke AG, also known as BMW.
BMW is one of the “Big Three” cars made in Germany. Like Mercedes-Benz, it is still a separate company with several subsidiaries.
Daimler ($75 Billion)
Daimler, which was recently renamed Mercedes-Benz Group AG, started in 1926 when Daimler Motoren Gesellschaft and Benz & Cie joined together.
The company was called Daimler-Benz until it bought Chrysler in 1998 and changed its name to Daimler-Chrysler. Chrysler left the company in 2007 after Fiat bought it, and Daimler changed its name to Daimler AG.
BYD ($95 Billion)
BYD is one of the biggest companies in China that makes things. It has two divisions: BYD Automotive and BYD Electronic. BYD Electronic makes batteries for the Automotive division.
BYD makes cars that are mostly sold in the East and the Middle East. Some of their models look like Toyotas and BMWs. Nearly 1 million cars were made by BYD in 2021, but the company made most of its money from making batteries.
Volkswagen ($100 Billion)
VW is the largest automaker in Europe and the third-largest in the world right now. The VW Group owns a lot of other car companies, from SEAT and Skoda, which make affordable cars, to Audi and Porsche, which make luxury cars, to Bentley and Lamborghini, which make very expensive cars. All of these add up to about $100 billion in market value.
Toyota ($300 Billion)
Toyota has been in business since the 1920s when it made looms for the textile industry. Toyota made its first car for people to drive in 1936. The rest is history. Toyota is now one of the biggest conglomerates in the world. It owns or has a stake in many companies in different industries.
Toyota and VW usually compete for second place. After the 2011 Japan earthquake and tsunami, VW moved up to the second place, but Toyota quickly caught up and is now worth around $300 billion. Also, Toyota makes about 10 million cars every year, which is about 4 million more than any other company.
Tesla ($600 Billion – $1 Trillion+)
Tesla has only been around since 2003, and it didn’t make its first mass-produced car until 2012. However, it has already left its mark on the world of cars. The price of Tesla’s stock keeps going up and down, sometimes by a lot and sometimes by a lot. This happens almost every month, or whenever CEO Elon Musk says or does something questionable.
Because of this, Tesla has become the most profitable car company in the world, with a market value of well over a trillion dollars, although it changes a lot. This means that Tesla is worth more than the next seven car companies put together. Amazing work for a company that has been around for less than 20 years.