May 24, 2022
TSLA, TM and F are the largest stocks by Market Cap.
Since Henry Ford built the Model A and T, the barebones of the auto industry haven’t really changed that much – the combustion engine is still a crucial technology for most motor vehicles. And the auto industry hasn’t changed much in decades either, which has allowed auto titans such as Toyota, Ford, and General Motors to remain dominant.
However, the last decade has brought about glimpses of a rare generational transformation. The emergence of electric vehicles (EVs) has had a resounding effect on the auto industry, which might be best exemplified by Tesla’s rise from scrappy startup to industry leader. The rest of the auto industry is taking notes from the trillion-dollar company – and the transition to EVs could shake up the pecking order of the auto industry in the coming years.
Here’s a list of the biggest car companies: