A Semafor story about the United Auto Workers (UAW) strike against America\u2019s three big car makers pointed out that Tesla was among the 10 largest car companies in the world based on revenue. That is extraordinary because Tesla sells only electric vehicles (EVs). (This is the most dependable car brand in America.)<\/p>\n
It did not take Tesla long to take its position based on revenue. Its first car did not come to market until 2006. Most other car companies on the \u201clargest list\u201d were founded over a century ago.<\/p>\n
Tesla\u2019s revenue was $98 billion in the most recent four quarters. At the top of the list, Volkswagen had revenue on the same basis of $321 billion, followed closely by Toyota at $284 billion. The largest U.S. companies on the list were Ford and General Motors, tied for third place with revenue of $170 billion.<\/p>\n
Tesla\u2019s revenue is large enough and growing fast enough that every car company in the world is chasing it. Tesla\u2019s automotive revenue is growing about 25% year over year. At that pace, its revenue will reach $150 billion in two years.<\/p>\n \t\t\t\t