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Tesla and Rivian are small fish. "The big 3" is a phrase referring to the US automakers; Ford, GM, and Stellantis (formerly Fiat-Chrysler). On a global scale
by biftek 4y ago
Tesla and Rivian are small fish.
"The big 3" is a phrase referring to the US automakers; Ford, GM, and Stellantis (formerly Fiat-Chrysler).
On a global scale you also have giants like Toyota, Volkswagen Group, Hyundai Group, Renault–Nissan Alliance, and Geely.
These companies make most of the brands you've heard of.
- lotsofpulp 4y agoI know, but that is far more than 3. And the small fish Tesla’s market cap is $584B. Obviously the barrier to entry to manufacture a hugely complicated machine will be high, but the data indicates it is not impossibly high.
- biftek 4y agoAutomakers are measured by units sold and Tesla ranks very low on that list. When Toyota sells 10 million cars a year it's not news, they have basically reached peak growth. Tesla's valuation is higher because they keep selling more cars and still have room for growth (and because of Elon Musk himself).