Tesla is more than another car company. Tesla is a phenomenon. Its market capitalization is higher than the next 8 biggest car companies, combined. Market capitalization is the value of a publicly listed company and is usually calculated by multiplying the share price by the number of outstanding shares. Not only is it the largest electric vehicle (EV) manufacturer and the ninth-largest company in the world with a market capitalization of more than $754 billion, but that value makes 80 percent of the total value of the top 15 EV makers in the world.
That got us wondering: who are the next 14 EV companies in line after Tesla? We decided to consider companies that, like Tesla, only make EVs, and to compare them based upon their market capitalization. That means that several of them have been darlings of venture capitalist’s investments, but may have yet to produce a single-vehicle. Think of it comparing the potential that each company represents.
Here then are the top 14 publicly traded EV companies that aren’t Tesla, ranging from highest to lowest in market capitalization. One thing: we are not stock analysts or investment experts so please do not consider any of the information presented here as advice or a recommendation to buy or sell any stock or other investments. The author of this story has no direct investment in the stocks of any of the companies mentioned.
Kevin Clemens is a Senior Editor with Battery Technology.