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Tesla deprives Toyota of the title of most valuable car brand in the world

  • January 18, 2023
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Brand Finance has issued another Global 500 rating, which includes the 500 most expensive brands in the world, including car manufacturers. As the AvtoVzglyad portal found out, some

Brand Finance has issued another Global 500 rating, which includes the 500 most expensive brands in the world, including car manufacturers. As the AvtoVzglyad portal found out, some of them have changed places this year.

Last year’s leader, Toyota, dropped to third among the most valuable auto brands, down 18% to $52.5 billion. But Tesla climbed into first place, valued at $66.2 billion (44% higher than last year). Mercedes-Benz remained in second place, although the price fell by 3% in the past year to 58.8 billion rubles.

Note that the assessment of brand value is rather conditional and often has nothing to do with the actual economic performance of the companies mentioned therein. In particular, shares of Tesla, which advanced, fell in price to $123.1 each last year. As a result, the market capitalization of the electric train manufacturer fell by $85 billion to $390 billion, which is three times less than at the beginning of 2022. At that time, the company’s shares were worth a total of $1.2 trillion. dollars.

Last year’s leader, Toyota, dropped to third among the most valuable auto brands, down 18% to $52.5 billion. But Tesla climbed into first place, valued at $66.2 billion (44% higher than last year). Mercedes-Benz remained in second place, although the price fell by 3% in the past year to 58.8 billion rubles.

Note that the assessment of brand value is rather conditional and often has nothing to do with the actual economic performance of the companies mentioned therein. In particular, shares of Tesla, which advanced, fell in price to $123.1 each last year. As a result, the market capitalization of the electric train manufacturer fell by $85 billion to $390 billion, which is three times less than at the beginning of 2022. At that time, the company’s shares were worth a total of $1.2 trillion. dollars.

Source: Avto Vzglyad

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