tesla

here's a pretty crazy comparison of the world's biggest automakers.

**2025 vehicle sales:**

• toyota group: 11.32 million
• volkswagen group: 8.98 million
• hyundai and kia: 7.24 million
• byd: 4.60 million
• tesla: 1.64 million

**market valuations as of october 23, 2026:**

• tesla (tsla): $1.47 trillion
• toyota (tm): $233 billion
• byd (1211.hk): $111 billion
• volkswagen (vow3): $39 billion

let that sink in.

tesla sells roughly one seventh as many vehicles as toyota, yet the stock market values it at more than six times as much.

and tesla is worth almost four times toyota, byd, and volkswagen combined.

of course, investors aren't just betting on cars. they're betting on robotaxis, ai, robotics, energy, and the future elon musk keeps promising.

but that's exactly what makes this so interesting.

how much of tesla's valuation is based on what the company actually does today, and how much is based on what people believe it might become?

that's one hell of a bet on the future.