Hyperdrive
Is Tesla Bigger Than Toyota or Not? Well, It’s Complicated
- Market value differs if treasury shares are counted or not
- Toyota holds about 14% of its own shares, worth $30 billion
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Last week, Tesla Inc. CEO Elon Musk liked a tweet that read, “Tesla is now officially the most valuable automaker of all the world!! Congrats!!”
The tweet showed a screenshot of a well-shared Google sheet created by Reddit user u/brandude87, listing the world’s top 25 automakers by market value. The sheet showed Tesla above Toyota Motor Corp. for the first time, with a market value of $183.7 billion versus Toyota’s $178.78 billion.