---
title: "Tesla Passes BMW to Become 4th Most Valuable Car Company on Earth"
description: "The electric car company just skirted past the Bavarian luxury carmaker for the position."
date: "2017-06-09"
modified: "2017-06-09"
authors:
  - name: "Aaron Brown"
    job_title: "Staff Editor"
    link: "https://www.thedrive.com/authors/aaron-brown"
url: "https://www.thedrive.com/news/11352/tesla-passes-bmw-to-become-4th-most-valuable-car-company-on-earth"
categories:
  - "BMW News"
  - "Car Tech"
  - "Electric Vehicles"
  - "News"
  - "News by Brand"
  - "Tesla News"
tags:
  - "Electric Vehicle"
  - "market"
  - "stocks"
  - "Tesla"
  - "value"
---

# Tesla Passes BMW to Become 4th Most Valuable Car Company on Earth

![](<https://www.thedrive.com/wp-content/uploads/images-by-url-td/content/2017/06/gettyimages-102524531.jpg>)
*\<em\>www.thedrive.com</em>*

Tesla has charged its way up the market to reach the spot of fourth most valuable car company in the world after its stock jumped 1.4 percent Friday morning, [according to *Bloomberg*.](<https://www.bloomberg.com/news/articles/2017-06-09/tesla-passes-bmw-in-market-cap-ranks-no-4-automaker-by-value-j3pxj7gc>)

Following its bump in value, Tesla's market capitalization stands at $61.6 billion. According to *Bloomberg*, that's a solid $280 million more than where BMW stands as of this story's publication.

At $61.6 billion, Tesla now only stands behind Toyota, Daimler, and Volkswagen in the global automotive market capitalization race.

The stock rise comes after a shareholder meeting earlier this week where Tesla CEO Elon Musk confirmed a handful details about the company's upcoming products such as the Tesla Semi and [Model Y.](<https://www.thedrive.com/news/11238/heres-the-first-picture-of-the-tesla-model-y>) Musk also confirmed at the meeting that the company is on track to begin mass-producing its upcoming [Model 3](<https://www.thedrive.com/article/11247/tesla-model-3-offers-few-early-options>) entry-level sedan.

In April, [Tesla's market capitalization jumped passed GM](<https://www.thedrive.com/tech/9148/tesla-passes-gm-to-become-americas-most-valuable-car-company>) and Ford, making Elon Musk's electric car startup the most valuable American car company on paper.

Standing among these massive auto groups is impressive for a such a small automaker—Tesla delivered less than 80,000 cars in 2016. In contrast, GM sold more than 10 million cars, according to *Bloomberg*.

## Author
Aaron was previously a contributing writer with Jalopnik and has also written for Business Insider covering cars. When he's not in the office writing the news, you'll probably find him thrashing a beater car around a RallyCross.

### Author social links  
[Instagram](<https://instagram.com/aaronmaxb>)  
[Twitter](<https://twitter.com/aaronmaxb>)