Tesla dominates world's automakers as Chinese brands ramp up competition
Tesla has dominated the world’s automakers with a market cap of $1.37 trillion, while Chinese carmakers ramped up their competition.
Billionaire Elon Musk’s electric vehicle (EV) company currently tops the list of the world’s 50 most valuable automakers, according to data.
Japanese carmaker Toyota followed Tesla with $240 billion in market cap, which was then followed by Chinese firms Xiaomi and BYD with $111.9 billion and $110.1 billion, respectively.
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