most valuable car companies
Tesla has inched ahead of General Motors to become the most valuable car company in America. The electric-car maker hit a market value of $50.84 billion on Monday, edging past GM () at $50.79 billion. It's another milestone for Tesla (), which passed Ford (), valued at about $45 billion, last week. And Tesla is inching closer to Japan's Honda (), which has a market value of about $54 billion. Toyota, the most valuable car company in the world, is three times as big.
Toyota retained its title as the world's most valuable car brand in a new ranking, holding off BMW and Mercedes-Benz. Tesla, meanwhile, entered the top 10 for the first time, indicating the rising challenge traditional automakers face from industry disruptors. Toyota’s brand value rose 2 percent to $29.5 billion, according to the BrandZ Top 100 Most Valuable Global Brands study released today by market researcher Millward Brown.