Is Tesla the next Ford?

$20 billion market cap in 3 years

Mark Brown 1 Premium content image

Consider that it took Ford Motor Co. decades to reach a market cap of $20 billion. How long did it take Tesla? Three years. That’s a huge sum for a company with fewer than 20,000 cars on the road. Even Tesla founder Elon Musk is shocked. “I really feel the valuation is more than we have any right to deserve,” he said in a recent interview, adding, “We need to make sure we really knock the ball out of the park in the coming years.” Some might say Tesla is already sending a few balls over the fence. In August, not only did the company say it would ramp up production by 25%, the National Highway Traffic Safety Administration awarded Tesla’s Model S the best safety rating of any car ever tested. Automakers that once dismissed the threat of electric cars are now watching the company’s every move, perhaps the way carriage companies eyed Ford when Model Ts started rolling off the line.

DOLLAR CHANGE IN MARKET CAP, FROM 2010 TO 2013 (ALL CURRENCY IN U.S. DOLLARS)

#7

FIAT – $16B

Market cap: $9.5B
Employees: 219,755
Production: n/a
Revenues: $115 billion

#6

GM – $5B

Market cap: $50.4B
Employees: 219,000
Production: 9.5 million
Revenues: $157 billion

#5

HONDA – $5.3B

Market cap: $69.4B
Employees: 190,338
Production: 3.5 million
Revenues: $118 billion

#4

FORD – $5.7B

Market cap: $67.5B
Employees: 175,000
Production: 5.7 million
Revenues: $140 billion

#3

TESLA – $18B

Market cap: $20.4B
Employees: 2,964
Production: 24,000*
Revenues: $2 billion
*Estimate based on Tesla’s publicly stated weekly targets

#2

VOLKSWAGEN – $37.5B

Market cap: $103.3B
Employees: 556,715
Production: 9.3 million
Revenues: $265 billion

#1

TOYOTA – $91B

Market cap: $216.7B
Employees: 337,685
Production: 5.7 million
Revenues: $118 billion

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One comment on “Is Tesla the next Ford?

  1. Pingback: Photo Highlights of Luxury Supercar Weekend 2013 | hello vancity

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