How is Mercedes' stock valued compared to others?

[SEB]

The incredible valuation of Tesla’s shares—exceeding 1 trillion USD—inspired me to take a closer look at how some of the most well-known car brands stack up. I compiled a list showing market capitalization (the total value of all a company’s shares) alongside their annual car production. This helps to see how investors value these brands relative to how many cars they actually produce.

1	Tesla	~1.1 trillion	~1.8
2	Toyota	~246 billion	~10.5
3	BYD	~142 billion	~1.8
4	Ferrari	~92 billion	~0.013 (13k)
5	Mercedes‑Benz Group	~63 billion	~2.3
6	BMW	~59 billion	~2.3
7	Volkswagen	~54 billion	~8.3
8	General Motors	~58 billion	~2.0
9	Ford	~46 billion	~3.7
10	Honda	~44 billion	~4.0
11	Hyundai Motor Company	~38 billion	~3.9
12	Stellantis	~28.75 billion	~4.3
13	Porsche AG	~47 billion	~0.3

The total market capitalization of the companies ranked 2 to 13 on the list is approximately $918 billion USD. This means that all these major car manufacturers combined are valued by the stock market at less than Tesla alone.

Feel free to draw your own conclusions — I’d be curious to hear your thoughts.

[Benz Dr.]

I read that Tesla also has a big steak in solar and other divisions which accounts for much of their stock portfolio.

[SEB]

I read that Tesla also has a big steak in solar and other divisions which accounts for much of their stock portfolio.

You're absolutely right that Tesla is involved also in solar energy and energy storage

According to FourWeekMBA, Tesla generated total revenue of $96.77 billion in fiscal year 2023. Here’s how that revenue breaks down across its main business segments:

Automotive – $78.5 billion → 81% of total revenue

Energy Generation & Storage – $6.03 billion → 6.24%

Services & Other – $8.32 billion → 8.6%

[SEB]

To put Tesla’s revenue structure into perspective, here’s a comparison with two automotive giants—Toyota and Mercedes:

Segment            Toyota (%)     Mercedes (%)
----------------------------------------------
Vehicle Sales      80–85%        80–87% (Cars + Vans)
Financial Services 10–15%        15–18%
Other Activities   3–5%          <5%

Tesla’s automotive segment accounts for about 81% of its revenue, which is very much in line with Toyota’s and Mercedes’ vehicle sales share. However, both Toyota and Mercedes generate a significant portion of their income from financial services, a segment where Tesla is currently much smaller.