AutoBeta(AutoBeta.net)06/11 Report--

Since entering 2020, affected by the impact of novel coronavirus and his prevention and control measures, the global economic market has fallen into a "shutdown", so that the economies of the major automakers have also contracted seriously this year.

Throughout the latest changes in the market value of global cars, the market capitalization of major multinational car companies around the world has shrunk to varying degrees, and it seems that all the global automobile giants have declined without exception. But it is worth noting that Tesla, an emerging car company, rose nearly 9% as of June 10, local time, with a market capitalization of $190.122 billion, an all-time high.

Not only that, Tesla also set another record, the latest market capitalization surpassed Toyota Motor of Japan to become the world's largest carmaker by market capitalization, upending the global auto industry.

It has to be said that it took only 16 years for Tesla to achieve such a performance since it was founded in 2014. after all, it took 75 years for Toyota to be the first by market capitalization.

Judging from the latest market ranking, Toyota is still in second place, after all, it is still far behind Volkswagen in third place with a gap of nearly hundreds of billions. The fourth place is Honda, whose market capitalization has shrunk to some extent. In fact, Italy became the hardest hit of the epidemic in the first quarter of this year. Ferrari, at the center of the epidemic, not only did not shrink its market capitalization, but surpassed large car companies such as Daimler and BMW because of its high brand value and high profit margins.

However, as large car companies such as Daimler and BMW have been brought under control, their market capitalization has returned to its previous level as market performance has gradually stabilized.

In addition, SAIC also appeared on the top 10 market lists. although SAIC appeared on the list with a market value of US $30 billion, its market capitalization also shrank significantly compared with the previous period, due to the decline in market sales.

Although the performance of market capitalization does not fully reflect the real strength of a car company, from the perspective of market performance, under the influence of COVID-19 's epidemic, most multinational car companies are faced with challenges such as factory shutdowns, supply chain disruptions, and pressure on sales ends. all reflect that their market capitalization performance is not satisfactory in the capital market.

Tesla has an excellent performance in the capital market, but in the view of many institutions and analysts, there is a capital and market-supported "bubble" in Tesla's performance, so he remains skeptical about it, mainly focusing on Tesla's continuous money-burning and car follow-up delivery.

In response to Tesla's skyrocketing market value, Chen Hong, chairman of SAIC Group, said: "Tesla is not a car company in the traditional sense, but more like a technology enterprise."

Perhaps judging from the current market capitalization performance, the capital market pays more attention to the R & D investment of automobile groups in electric vehicles, digitization, car networking, self-driving, automobile services and other new technologies. The market capitalization of technology car companies is also growing faster than the performance of traditional car companies over the past six years.

According to statistics, the market capitalization of eight traditional car companies, including Toyota and Volkswagen, could reach 566 billion euros at the end of 2014, but by January 2020, their total market capitalization fell 4.2% to only 542 billion euros. That includes Daimler. BMW, Ford and other traditional car companies.

On the other hand, car companies such as Tesla, which benefit from the field of electric vehicles and vehicle networking, get more confidence from investors and the stock market, so the performance of market capitalization is more a reflection of the changes of traditional car companies to the future era.

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat