Advanced Manufacturing

Automotive

End of the Line

Electric Cars Are on the Move, but Has the World Gone Mad?

Tesla leads auto manufacturing by market cap beating production leaders Toyota and VW.

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The world’s largest automakers, Toyota and Volkswagen, make about 10 million vehicles a year. But if you measure it by market cap, Tesla leads by greater than both of those companies’ combined. How can the world’s largest automaker by market cap make so few motor vehicles?

Written by

James Anderton

Jim Anderton is the Director of Content for ENGINEERING.com. Mr. Anderton was formerly editor of Canadian Metalworking Magazine and has contributed to a wide range of print and on-line publications, including Design Engineering, Canadian Plastics, Service Station and Garage Management, Autovision, and the National Post. He also brings prior industry experience in quality and part design for a Tier One automotive supplier.