LONDON/BRUSSELS 

Reaching $1.4 trillion this year, the market capitalization of electric carmaker Tesla is far ahead of other carmakers worldwide.

The total market capitalization of 52 major players in the auto business amounted to $2.8 trillion this year, with Tesla leading the pack, as the electric vehicle (EV) manufacturer’s market cap equaled the total market cap of 51 carmakers, according to market cap data compiled by Anadolu.

Following Tesla, Japanese carmaker Toyota was the second-largest auto manufacturer in the world with a market cap of $237.6 billion. China’s BYD and Xiaomi followed with $110.7 billion and $102.5 billion market caps, respectively, while Italian luxury car brand Ferrari had $77 billion.

American carmaker General Motors saw a $57.8 billion market cap this year, followed by German automakers Porsche with $55 billion, Mercedes-Benz with $52.8 billion, BMW with $49.1 billion, and Volkswagen with $45.4 billion.

The other notable carmakers with a market cap of above $1 billion were Honda, Mahindra & Mahindra, Maruti Suzuki, Ford, Stellantis, Hyundai, Tata Motors, SAIC Motor, Kia, and Seres Group.

Tesla is owned by Elon Musk, also the owner of social media platform X and SpaceX, who has recently been in the headlines as a major ally of US President-elect Donald Trump.

As for car sales, Toyota led among the largest carmakers with 10.3 million units sold last year, according to a sales report by F&I Tools.

Volkswagen followed with sales of 9.2 million, Hyundai Kia with 7.3 million, Stellantis with 6.4 million, Ford with 4.4 million, Honda with 4.2 million, Nissan with 3.4 million, and BMW with 2.6 million units sold.

Tesla’s sales last year totaled 1.81 million units.

*Writing by Emir Yildirim in Istanbul