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Subaru Corp is a Japan-based company engaged in the automobile manufacturing business. The company is split into three segments: Automotive Business Unit, Aerospace Company, and Other Businesses. The Automotive Business, which constitutes the vast majority of the company's revenue, manufactures, repairs, and sells passenger cars and their components under the Subaru brand. The Aerospace Company includes airplanes and aerospace-related machinery and components. The Other Businesses segment consists of Industrial product, and real estate lease, among others. A vast majority of the sales is derived from North America.

SUBARU CORPORATION U/ADR by Subaru Corporation

Subaru Corp

Economist Justin Wolfers is pushing back against the narrative surrounding President Donald Trump&#8217;s new trade agreement with Japan, arguing that the deal essentially results in a tax increase for American consumers.
What Happened: On Thursday, in a post on X, Wolfers addressed what he refers to as a &#8220;confusion in the reporting&#8221; of Trump&#8217;s latest trade deal with Japan. &#8220;So let me clarify,&#8221; he says, accompanied by a video of his recent appearance on MSNBC.
In the clip, Wolfers says, &#8220;the most important thing for viewers to think about is the framing. So if you began by saying that [the] tariff on Japan has gone from 25% to 15%, it would feel like he'd negotiated a great deal. That's not what happened here.&#8221;
See Also: <a href="https://www.benzinga.com/markets/eurozone/25/07/46514335/chrysler-jeep-parent-company-stellantis-expects-2-7-billion-net-loss-in-first-half-of-2025-as-trump-tariffs-cause-uncertainty">Chrysler, Jeep Parent Company Stellantis Expects $2.7 Billion Net Loss In First Half Of 2025 As Trump Tariffs Cause Uncertainty</a>
Wolfers notes that the tariffs on Japanese imports were previously just 2%, &#8220;so the biggest thing Trump has done is he's raised taxes on Americans who import goods from Japan from 2% to 15%.&#8221;
The deal's potential impact on U.S. automakers is also in question, as Wolfers pushed back against claims that the deal could open up the Japanese market to American manufacturers. &#8220;I am not remotely optimistic,&#8221; he says, adding that the reason why the Japanese don&#8217;t buy American cars is that they prefer smaller cars. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It&#39;s been a little disheartening to hear so much confusion in the reporting on Trump&#39;s new trade deal with Japan. So let me try to clarify. <a href="https://t.co/ynsLMwgzLr">pic.twitter.com/ynsLMwgzLr</a>
&mdash; Justin Wolfers (@JustinWolfers) <a href="https://twitter.com/JustinWolfers/status/1948460631851471275?ref_src=twsrc%5Etfw">July 24, 2025</a></blockquote>
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Why It Matters: Fund manager Spencer Hakimian noted early this week that the announcement of the trade deal <a href="https://www.benzinga.com/markets/market-summary/25/07/46563227/trump-trade-deal-with-japan-sends-toyota-mazda-stock-soaring-nikkei-rises-sharply">sent Japanese automaker</a> Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) soaring, despite the 15% tariffs being announced on all imports from Japan. 
He attributes this to the fact that while American automakers have to 50% more for steel and copper, on account of the tariffs, alongside similar tariffs on their production in China, Mexico and Canada, Toyota only pays 15%, and &#8220;they&#8217;re done with all the shenanigans.&#8221;
Japanese auto stocks have been rallying since the trade deal was announced, in sharp contrast to their American counterparts. 
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<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Stocks</td>
<td class="has-text-align-center" data-align="center">Year-To-Date Performance</td>
<td class="has-text-align-center" data-align="center">Gains Since Trade Deal</td>
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<td class="has-text-align-center" data-align="center">Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>)</td>
<td class="has-text-align-center" data-align="center">-0.76%</td>
<td class="has-text-align-center" data-align="center">+12.84%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Subaru Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FUJHY#OTC">FUJHY</a>)</td>
<td class="has-text-align-center" data-align="center">+12.37%</td>
<td class="has-text-align-center" data-align="center">+18.58%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Nissan Motor Co. Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>)</td>
<td class="has-text-align-center" data-align="center">-24.13%</td>
<td class="has-text-align-center" data-align="center">+9.61%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Mazda Motor Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MZDAY#OTC">MZDAY</a>)</td>
<td class="has-text-align-center" data-align="center">Flat</td>
<td class="has-text-align-center" data-align="center">+19.57%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Honda Motor Co. Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>)</td>
<td class="has-text-align-center" data-align="center">+18.15%</td>
<td class="has-text-align-center" data-align="center">+10.93%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Mitsubishi Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MSBHF#OTC">MSBHF</a>)</td>
<td class="has-text-align-center" data-align="center">+26.42%</td>
<td class="has-text-align-center" data-align="center">+6.20%</td>
</tr>
</tbody>
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On Wednesday, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) warned that it could face &#8220;a few rough quarters&#8221; as a result of the tariffs imposed by President Donald Trump. The company further noted that it faced $300 million <a href="https://www.benzinga.com/markets/earnings/25/07/46594381/elon-musk-says-tesla-could-face-a-few-rough-quarters-as-ev-incentives-expire-and-trump-tariff-pressures-mount">in additional costs</a> during its second quarter, due to the same.
Early this week, General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) announced that it faced a $1.1 billion <a href="https://www.benzinga.com/markets/earnings/25/07/46542820/general-motors-faces-tariffs-heat-margins-shrink">tariff-related headwind</a> during its second quarter.
Price Action: Shares of Toyota were down 0.79% on Thursday, trading at $191.66, and another 1.13% after hours. 
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="147" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24235313/Screenshot-2025-07-25-at-9.23.02-AM-1024x147.png" alt="" class="wp-image-1000017" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24235313/Screenshot-2025-07-25-at-9.23.02-AM-1024x147.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24235313/Screenshot-2025-07-25-at-9.23.02-AM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24235313/Screenshot-2025-07-25-at-9.23.02-AM-768x110.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/24235313/Screenshot-2025-07-25-at-9.23.02-AM.png 1536w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Toyota shares score high on Growth, Value and Quality, with a favorable price trend in the short, medium and long term. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock, and to see how it compares with its U.S.-based competitors.
Photo Courtesy: Alec Issigonis on Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/07/46581998/stellantis-shares-surge-on-u-s-eu-tariff-deal-prospects-whats-going-on">Stellantis Shares Surge On U.S.-EU Tariff Deal Prospects: What&#8217;s Going On?</a></li>
</ul>

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MZDAY

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Trump's Trade Deal With Japan A Tax On Americans — Economist Says, 'Not Remotely Optimistic' US Auto Companies Will Gain As Toyota And Honda Stocks Rally

Subaru (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FUJHY#OTC">FUJHY</a>) reported quarterly earnings of $0.10 per share. This is a 74.36 percent decrease over earnings of $0.39 per share from the same period last year. The company reported $7.54 billion in sales this quarter. This is a 7.31 percent decrease over sales of $8.13 billion the same period last year.

Earnings

Subaru Q4 Earnings Per ADS of $0.10 Down From $0.39 YoY, Sales $7.54B Down From $8.13B YoY

The newly imposed <a href="https://www.benzinga.com/government/regulations/25/03/44517885/trump-slaps-25-tariffs-on-autos-what-it-means-for-your-next-car-purchase">25% auto tariff</a> threatens to disrupt the global automotive industry, with analysts warning of sharp price increases and declining sales.
Goldman Sachs <a href="https://www.benzinga.com/25/03/44515578/trumps-25-tariff-set-to-hike-imported-car-prices-up-to-15000-higher-goldman-sachs-warns">estimates that imported </a>vehicle prices could rise by $5,000 to $15,000, while even U.S.-built cars could see cost hikes of $3,000 to $8,000 due to foreign-made parts. Here&#8217;s what analysts have predicted so far:
<ul>
<li>According to JPMorgan's Akira Kishimoto, Japanese automakers could face a potential hit of 4.46 trillion yen (about $29.44 billion), with Nissan Motor Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>), Mazda Motor Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MZDAY#OTC">MZDAY</a>) and Subaru (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FUJHY#OTC">FUJHY</a>) among the most vulnerable due to their reliance on imported vehicles. Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) remains JPMorgan's top pick, given its resilience and strong fundamentals, while Suzuki Motor (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SZKMY#OTC">SZKMY</a>) and Isuzu Motors (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ISUZY#OTC">ISUZY</a>) are also favored among mid-tier manufacturers. Read Also: <a href="https://www.benzinga.com/25/03/44515578/trumps-25-tariff-set-to-hike-imported-car-prices-up-to-15000-higher-goldman-sachs-warns">Trump&#8217;s 25% Tariff Set To Hike Imported Car Prices Up To $15,000 Higher, Goldman Sachs Warns</a> </li>
<li>RBC Capital Markets&#8217; Tom Narayan warns that German automakers like Mercedes-Benz Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MBGYY#OTC">MBGYY</a>) and BMW Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWKY#OTC">BMWKY</a>) are at high risk, though potential retaliatory tariffs from Europe could deter further escalation. Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) may benefit due to its U.S.-based production, while Ferrari NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>) is expected to pass costs onto its high-end buyers. </li>
<li>JPMorgan autos analyst Ryan Brinkman has slashed price targets for major U.S. automakers, cutting General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) by 17% to $53 from $64, Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) by 15% to $11 from $13, and Ferrari by 12% to $460 from $525, citing heightened earnings risk. </li>
</ul>
With uncertainty around auto demand and the potential for sales fluctuations, investors remain cautious as the industry assesses the economic impact of these sweeping tariffs.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/forex/25/03/44518720/april-2-tariffs-could-trigger-a-us-dollar-rally-to-sell-bank-of-america-economists-say" target="_blank" rel="noreferrer noopener">April 2 Tariffs Could Trigger A US Dollar ‘Rally To Sell,' Bank Of America Economists Say</a></li>
</ul>
Photo: Shutterstock

BMWKY

ISUZY

MERCEDES-BENZ UNSP / ADR by Mercedes Benz Group AG

MBGYY

RACE

SZKMY

Japanese Automakers Face $29 Billion Tariff Hit, Nissan, Mazda, Subaru Most At Risk, Says Analyst

Subaru Reported Nine Months FYE 2025 Revenue ¥3.536T Up From ¥3.496T YoY; EPS ¥428.78 Up From ¥394.47 YoY

<a href="https://asia.nikkei.com/Business/Automobiles/Subaru-has-room-to-expand-U.S.-output-in-response-to-Trump-tariffs-CEO" title="https://asia.nikkei.com/Business/Automobiles/Subaru-has-room-to-expand-U.S.-output-in-response-to-Trump-tariffs-CEO">https://asia.nikkei.com/Business/Automobiles/Subaru-has-room-to-expand-U.S.-output-in-response-to-Trump-tariffs-CEO</a>

"Subaru Has 'Room To Expand' U.S. Output In Response To Trump Tariffs: CEO" - Nikkei Asia

Subaru H1 Revenue ¥2,266.2B Up From ¥2,213.5B YoY, EPS ¥219.08 Up From ¥198.58 YoY

Toyota Motor Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>),&nbsp;along with&nbsp;Subaru Corporation&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/FUJHF#OTC">FUJHF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FUJHY#OTC">FUJHY</a>),&nbsp;&nbsp;and&nbsp;Mazda Motor Corporation&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MZDAF#OTC">MZDAF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MZDAY#OTC">MZDAY</a>),&nbsp;have committed to&nbsp;<a target="_blank" href="https://global.toyota/en/newsroom/corporate/40850156.html" rel="noreferrer noopener">developing&nbsp;</a>engines designed for electrification and carbon neutrality.
The new engines will optimize integration with electric motors, batteries, and other drive&nbsp;components,&nbsp;while&nbsp;also&nbsp;enhancing vehicle design with more compact configurations.
These companies are expanding their options to decarbonize internal combustion engines by making them compatible with&nbsp;various&nbsp;carbon-neutral fuels.
They are working to ensure a future for supply chains and jobs connected to engines.&nbsp;Through extreme&nbsp;conditions in racing, they have broadened powertrain and fuel options, including vehicles running on liquid hydrogen and carbon-neutral fuels.
The new generation of engines will&nbsp;not only enhance standalone performance but also&nbsp;optimize their integration with electric drive units.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/05/38893696/toyota-faced-major-delays-at-mexican-plant-due-to-labor-shortages" rel="noreferrer noopener">Toyota Faced Major Delays At Mexican Plant Due To Labor Shortages</a>
These engines will be compact, allowing for improved vehicle design and aerodynamic performance while meeting stringent emissions regulations.
The&nbsp;advanced&nbsp;engines will shift away from fossil fuels,&nbsp;supporting&nbsp;alternatives like synthetic fuel, biofuels, and liquid hydrogen.
The development&nbsp;is&nbsp;seen&nbsp;as&nbsp;a significant step toward broader adoption of carbon-neutral fuels.
Koji Sato,&nbsp;CEO of Toyota&nbsp;said, &#8220;In order to provide our customers with diverse options to achieve carbon neutrality,&nbsp;it is necessary to&nbsp;take on the challenge of evolving engines that are in tune with the energy environment of the future.&#8221;
Despite their competition in the market, Subaru, Toyota, and Mazda share a commitment to carbon neutrality. They aim to create a sustainable future for Japan&#8217;s auto industry through collaboration with partners.
Price Action: TM shares closed higher by 0.99% at $216.84 on Friday.
Disclaimer:&nbsp;This content was partially produced&nbsp;with the help of&nbsp;AI tools and&nbsp;was&nbsp;reviewed and published by Benzinga editors.
Read Next:<a href="https://www.benzinga.com/news/24/05/38875858/honda-commits-65b-to-electrification-by-2030" target="_blank" rel="noreferrer noopener"> Honda Commits $65B To Electrification By 2030</a>
Photo by aleksandr-popov- for Unsplash

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Toyota, Subaru, Mazda Aim For Carbon-Neutral Future In Engine Development: Details

<a href="https://media.subaru.com/pressrelease/2131/117/subaru-america-2023-year-end-sales-up-13.6" title="https://media.subaru.com/pressrelease/2131/117/subaru-america-2023-year-end-sales-up-13.6">https://media.subaru.com/pressrelease/2131/117/subaru-america-2023-year-end-sales-up-13.6</a>

Subaru Of America Says 57,764 Vehicles Sold For Dec 2023, A 1.8% Increase Compared With Dec 2022

The United Auto Workers union has initiated a campaign to unionize workers at 13 non-union automakers <a href="https://www.benzinga.com/topic/uaw">across the United States.</a>
This initiative, announced on Wednesday, aims to bring nearly 150,000 autoworkers from major companies including BMW (OTC: <a class="ticker" href="https://www.benzinga.com/stock/bmwyy#OTC">BMWYY</a>), Honda (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hmc#NYSE">HMC</a>), Hyundai (OTC: <a class="ticker" href="https://www.benzinga.com/stock/hymtf#OTC">HYMTF</a>), Lucid (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lcid#NASDAQ">LCID</a>), Mazda (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mzday#OTC">MZDAY</a>), Mercedes-Benz (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mbgyy#OTC">MBGYY</a>), Nissan (OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsany#OTC">NSANY</a>), Rivian (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rivn#NASDAQ">RIVN</a>), Subaru (OTC: <a class="ticker" href="https://www.benzinga.com/stock/fujhy#OTC">FUJHY</a>), Tesla (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>), Toyota (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>), Volkswagen (OTC: <a class="ticker" href="https://www.benzinga.com/stock/vwapy#OTC">VWAPY</a>)&nbsp;and Volvo&nbsp;under its wing.
The campaign involves workers signing electronic support cards for union efforts, a step that could pave the way for the unionization of U.S. factories belonging to these automotive manufacturers,&nbsp;CNBC <a href="https://www.cnbc.com/2023/11/29/uaw-launches-union-campaigns-at-tesla-12-others.html">reports</a>.
The UAW clarified that organizing every plant or automaker participating in the campaign is not a certainty. A formal vote in favor of UAW representation would be required by the workers.
UAW President Shawn Fain, following the ratification of record contracts with General Motors (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>), Ford Motor Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>) and Stellantis NV (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stla#NYSE">STLA</a>) that included significant hourly pay raises and other benefits, has expressed the union&#39;s ambition to expand its influence.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/23/10/35315710/uaw-president-says-tesla-is-not-the-enemy-in-auto-strikes-theyre-the-uaw-members-of-the-future">UAW President Says Tesla Is Not The Enemy In Auto Strikes: &#39;They&#39;re The UAW Members Of The Future&#39;</a>
Fain&#39;s vision extends beyond the traditional &quot;Big Three&quot; Detroit automakers, aiming to encompass a broader range of companies by 2028. This expansion strategy marks a departure from the UAW&#39;s conventional approach of focusing on one company at a time.
According to CNBC, the UAW&#39;s membership has seen a dramatic decline, dropping from about 700,000 members in 2001 to 383,000 at the start of this year, a stark contrast to its peak of 1.5 million in 1979.
Despite this, the union&#39;s recent success in securing favorable contracts with the Detroit automakers has prompted non-union companies like Hyundai, Toyota, and Honda to raise worker wages, a phenomenon Fain refers to as the &quot;UAW bump.&quot;
The UAW&#39;s history with organizing non-Detroit automakers has been challenging. Efforts to unionize the plants of foreign-based automakers in the U.S., such as Volkswagen and Nissan, have previously fallen short. The union has also made attempts to organize Tesla&#39;s Fremont plant in California, but with limited success.
Now Read:&nbsp;<a href="https://www.benzinga.com/news/23/11/35995087/tesla-strike-leader-in-sweden-warns-of-traditional-business-model-shake-up-but-assures-union-has-fun">Tesla Strike Leader In Sweden Warns Of Traditional Business Model Shake-Up, But Assures Union Has Funds To Protest For &#39;Long, Long Time&#39;</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock.

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From Tesla To Toyota: UAW Launches Ambitious Campaign To Unionize Top Auto Players

Elon Musk, Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO, has expressed his approval of Subaru&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FUJHY#OTC">FUJHY</a>) decision to adopt Tesla&#8217;s&nbsp;North American Charging Standard (NACS)&nbsp;starting in 2025.
What Happened: Automotive enthusiast and Tesla investor Sawyer Merritt shared the press release by Subaru where it announced the adoption of NACS at the beginning of 2025. The decision is part of Subaru&#8217;s larger goal of "aiming for 50 percent of total global sales to be BEVs [Battery Electric Vehicles in 2030" and to contribute to the achievement of carbon neutrality.
&#8220;Customers of NACS-compatible Subaru BEVs will gain access to more than 15,000 Tesla Superchargers across North America, significantly enhancing charging convenience,&#8221; a part of the statement read.
Musk responded to Merritt&#8217;s post with a &#8220;Cool.&#8221;
Subaru&#8217;s decision to follow the NACS marks a significant step towards standardization in the EV charging infrastructure.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Cool
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1719737256972288239?ref_src=twsrc%5Etfw">November 1, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/10/35511276/why-tesla-stock-is-set-to-continue-its-downward-spiral?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Why Tesla Stock Is Set To Continue Its Downward Spiral</a>
Why It Matters: This move by Subaru signals a shift in the automotive industry towards adopting universal charging standards. Such a shift could ease the transition for car owners to electric vehicles, as concerns over charging compatibility and accessibility are among the key barriers to EV adoption.
Adopting Tesla&#8217;s charging standard by other automakers could also solidify Tesla&#8217;s position as a leader in the EV market and charging infrastructure.
Read Next:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/10/35519602/munster-weighs-in-on-reports-of-unionization-move-at-tesla-employees-will-likely-vo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Munster Weighs In On Reports Of Unionization Move At Tesla: &#8216;Employees Will Likely Vote Down The UAW And Instead Settle For&#8230;&#8217;</a>
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Tech

Media

General

Elon Musk Applauds Subaru's Decision To Adopt Tesla's Charging Standard: 'Cool'

Earnings Beats

Subaru Of America Reported U.S. Sales With 56,335 Vehicles Sold For September 2023, A 23.4 Percent Increase Compared With September 2022

A YouGov survey in late 2022 showed that the approval rating for Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) electric vehicle brand <a href="https://www.benzinga.com/news/22/12/30041567/is-elon-musk-hurting-tesla-brand-charm-hits-new-low-on-heels-of-twitter-takeover">slipped to a net negative score of 1.4% </a> Things have not improved much, going by the results of a more recent survey.
What Happened: Tesla fell 50 slots to the 62nd position in the list of top 100 U.S. companies by reputation, <a href="https://www.axios.com/2023/05/23/corporate-brands-reputation-america">according</a> to Axios Harris Poll 100. The survey, which gauges the reputation of the most visible brands in America, took responses from 16,310 Americans from a nationally representative sample and was conducted March 13-28.
The respondents rated the 100 most visible companies on nine dimensions of reputation to calculate each company's reputational quotient or RQ. Tesla's RQ was 74.3, with the EV maker scoring the least on character, citizenship, and trust.
Its highest ranking was in parameters, including trajectory, vision and products &amp; services.
See Also: <a href="https://www.benzinga.com/money/everything-you-need-to-know-about-tesla-stock">Everything You Need To Know About Tesla (TSLA) Stock</a>
Among automakers, Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) has the best ranking, as it took the sixth spot with an RQ of 81. Hondo Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HM#NYSE">HM</a>) is placed 14th, Subaru Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FUJHY#OTC">FUJHY</a>) 16th, Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>)  32nd and General Motors Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) 34th. Volkswagen AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) has a better ranking than Tesla at 56.
Why It's Important: CEO Elon Musk's mercurial statements, his open political leanings and abuse and hate speech that are rampant on Twitter, which was bought by Musk in late October 2022, are apparently impairing Tesla's reputation.
This is evident from the fact that the EV pioneer scored well on its products &amp; services as well as vision.
Musk's preoccupation with Twitter since he bought it alienated even some of his staunchest supporters. The <a href="https://www.benzinga.com/news/23/05/32367611/who-is-linda-yaccarino-rumored-new-twitter-ceo-has-colorful-past">appointment of Linda Yaccarino as the new CEO of Twitter</a> should remove some of this overhang.
In premarket trading on Wednesday, Tesla shares fell 1.38% to $183.20, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Read Next: <a href="https://www.benzinga.com/markets/equities/23/05/32545868/tesla-insider-buying-alert-newly-crowned-automotive-head-tom-zhu-racks-up-339k-shares">Tesla Insider Buying Alert: Newly Crowned Automotive Head Tom Zhu Racks Up 339K Shares</a>
Check out more of Benzinga&#8217;s Future Of Mobility coverage by <a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.

VWAGY

Tesla's Image Suffers Blow: EV Giant Drops 50 Spots In List Of Most Reputable US Brands

<a href="https://asia.nikkei.com/Business/Automobiles/Subaru-aims-to-go-from-making-zero-EVs-to-300-000-in-own-plants-by-2030" title="https://asia.nikkei.com/Business/Automobiles/Subaru-aims-to-go-from-making-zero-EVs-to-300-000-in-own-plants-by-2030">https://asia.nikkei.com/Business/Automobiles/Subaru-aims-to-go-from-making-zero-EVs-to-300-000-in-own-plants-by-2030</a>

Guidance

'Subaru Aims To Go From Making Zero EVs To 300,000 In Own Plants By 2030' - Nikkei Asia

Midsize SUVs of Tesla Inc. (NASDAQ:&nbsp;<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Ford Motor Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>)&nbsp;and Subaru Corp. (OTC:&nbsp;<a class="ticker" href="https://www.benzinga.com/stock/FUJHY#OTC">FUJHY</a>) earned good ratings from the Insurance Institute for Highway Safety, or IIHS, for rear passenger protection in their recent crash tests.
What Happened: Of the 13 midsize SUVs tested, Ford Explorer, Ford Mustang Mach-E, Subaru Ascent and Tesla Model Y <a href="https://www.benzinga.com/pressreleases/23/03/g31333401/rear-passenger-protection-falls-short-in-most-midsize-suvs">received good ratings for rear seat passenger safety</a>.
See Also:<a href="https://www.benzinga.com/money/best-electric-vehicle-stocks" rel="noreferrer noopener" target="_blank">&nbsp;Best Electric Vehicle Stocks</a>
According to a statement from the IIHS, the vehicles that earned good ratings provide reliable protection for passengers seated in the rear. Specifically, the seat belt was properly positioned on the pelvis, the side curtain airbag functioned correctly and there was no excessive force on the chest, said the statement.
However, while most midsize SUVs provide excellent protection to the driver, recent crash test ratings have revealed that they offer inadequate front crash protection for passengers in the rear seat.
While Chevrolet Traverse, Toyota Highlander and Volkswagen Atlas, earned marginal ratings, Honda Pilot, Hyundai Palisade, Jeep Grand Cherokee, Jeep Wrangler 4-door, Mazda CX-9 and Nissan Murano,&nbsp;were rated poor.
Why It&rsquo;s Important: Since 2007, the risk of fatal injury for passengers in the rear of the vehicle was 46% higher than those in the front as restraint technologies were improved solely for the front seats, the statement said.
&ldquo;Zeroing in on weaknesses in rear seat safety is an opportunity to make big gains in a short time, since solutions that are already proven to work in the front can successfully be adapted for the rear. The four good ratings in this round of testing show that some automakers are already doing it,&rdquo;&nbsp;said IIHS Senior Research Engineer Marcy Edwards.
Check out more of Benzinga&rsquo;s Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility" rel="noreferrer noopener" target="_blank">following this link</a>.
Read Also: <a href="https://www.benzinga.com/news/23/03/31326810/tesla-explains-how-over-the-air-updates-fleet-data-helps-improve-safety-of-its-vehicles">Tesla Explains How Over-The-Air Updates, Fleet Data Helps Improve Safety Of Its Vehicles</a>

FORD

Tesla, Ford Midsize SUVs Ace Crash Tests For Rear Passenger Protection

<ul>
<li>A&nbsp;Toyota Motor Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>) affiliate doctored emissions data on some engines dated back to at least 2003, more than a decade earlier than previously indicated,&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/autos-transportation/committee-probing-toyota-unit-hino-blames-company-culture-false-data-scandal-2022-08-02/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Reuters reports</a>&nbsp;quoting a probe.</li>
<li>The investigative committee tasked by truck and bus maker&nbsp;Hino Motors Ltd&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/hinoy#OTC">HINOY</a>) attributed the scandal to an environment where engineers failed to challenge superiors.</li>
<li>Hino set up the committee after it admitted to falsifying data related to emissions and fuel performance of four engines.&nbsp;</li>
<li>The results detailed an oppressive atmosphere where it was difficult for staff to feel &quot;psychological safety.&quot;</li>
<li>Hino&#39;s President, Satoshi Ogiso, apologized and promised a new corporate governance system within three months.</li>
<li>Hino has recalled close to 47,000 vehicles made between April 2017 and March 2022 and looked to recall a further 20,900.</li>
<li>In 2018,&nbsp;Mazda Motor Corp&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/mzday#OTC">MZDAY</a>),&nbsp;Suzuki Motor Co&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/szkmy#OTC">SZKMY</a>), and&nbsp;Yamaha Motor Co, Ltd&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/yamhy#OTC">YAMHY</a>) came under the scanner for improperly testing vehicles for fuel economy and emissions.</li>
<li>Subaru Corp&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/fujhy#OTC">FUJHY</a>) and&nbsp;Nissan Motor Co, Ltd&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsany#OTC">NSANY</a>) were held for the same reason the year before.</li>
<li>Toyota recently shared plans to&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/07/28148185/toyota-motor-to-develop-hydrogen-fuel-cell-trucks-in-japan" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">commercialize light-duty</a>&nbsp;fuel cell electric trucks in partnership with Hino and others.</li>
<li>Price Action:&nbsp;TM shares closed higher by 2.57% at $166.77 on Monday.</li>
<li>Photo via Wikimedia Commons</li>
</ul>

HINOY

YAMHY

Toyota Affiliate Held Responsible For Fudging Emissions Data From At Least 2003, Investigation Finds

<ul>
<li>Toyota Motor Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>)&nbsp;<a class="editor-rtfLink" href="https://global.toyota/en/newsroom/toyota/36254760.html" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">disclosed the driving</a>&nbsp;range and other specifications of its bZ4X sport utility vehicle (SUV), the first in a series of EV-only models it plans to launch globally.</li>
<li>Toyota aims to launch 15 battery EV (BEV) models worldwide by 2025,&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/autos-transportation/toyota-eyes-cost-cuts-scale-with-first-ev-only-bz-series-2021-10-29/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Reuters reports</a>. Toyota is yet to disclose a price range or sales target for the bZ4X.</li>
<li>Toyota will jointly develop and procure the core components with affiliate&nbsp;Subaru Corp&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/fujhf#OTC">FUJHF</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/fujhy#OTC">FUJHY</a>) to rein the high cost of producing BEVs.</li>
<li>Toyota will initially build the model on a mixed line with gasoline-engine cars, both in Japan and China.&nbsp;</li>
<li>It will be sold in Japan, North America, China, and Europe starting in mid-2022.</li>
<li>The car will have front-wheel and four-wheel-drive versions, with a driving range of about 500 km (310 miles) for the latter.</li>
<li>The car will have an optional roof-mounted solar panel to charge the battery.</li>
<li>Toyota aims to invest $13.5 billion through 2030 on EV batteries and introduce seven bZ series models by 2025.</li>
<li>Price Action:&nbsp;TM shares closed higher by 1.37% at $176.48 on Thursday.</li>
</ul>

Toyota's Discloses EV Plans: All You Need To Know

Even the world&#39;s largest carmaker wasn&#39;t exempt from the damage caused by a virus that has been holding the world hostage for more than a year. The delta variant has outpaced Japanese automaker&#39;s efforts to deal with the chip supply crisis as Toyota Motor (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>) has warned it will need to trim annual production forecast by 3% due to supply disruptions and forced plant shutdowns.
The announcement comes less than a month after the Japanese company said it was slashing this month&#39;s global production by 40 percent because of supply chain problems.
Toyota has closed plants around the globe as parts fail to reach factories, while Stellantis (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stla#NYSE">STLA</a>)-owned Peugeot in Europe and Ford Motor Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>) and General Motors (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>) in the US have cut shifts due to these supply constraints.
<h4>The Production Trim</h4>
The Japanese giant said it was reducing production by another 70,000 vehicles in September and by 330,000 vehicles in October. It expects to build 9 million vehicles by the end of the fiscal year in March, instead of the previous forecast of 9.3 million. In August, it revealed it September&#39;s output will be cut by 360,000 units.
<h4>Tundra Is Coming</h4>
After seemingly endless teasers, Toyota at least has confirmed that the 2022 Tundra pickup&#39;s debut will take place on September 19th. The new Tundra faces stiff competition from the stellar Ram 1500, new Ford Motor&#39;s F-150, and the recently refreshed Chevrolet Silverado owned by General Motors.
<h4>The EV Chapter Is In The Making</h4>
Late to the electric vehicle race, Japanese carmakers have accelerated plans as sales grow. Toyota plans to invest $13.6 billion in batteries used for electric and hybrid vehicles by the end of the decade. Although it did not disclose any plans or locations for new factories, it reveals its plans for 10 production lines by 2025, which will eventually reach 70. As a side note, a single factory can contain several production lines.
Back in May, Toyota announced it aims to sell eight million electric and hybrid vehicles by the end of the decade, including two million EVs and fuel cell vehicles. Per region, EVs and fuel-cell vehicles will make 40% of group sales in Europe, 15% of North American sales, and 10% of sales in Japan.
Separately, during the Shanghai International Automobile Industry Exhibition in April, Toyota said it would launch 15 EV models by 2025, including one jointly developed with compatriot Subaru Corporation (OTC: <a class="ticker" href="https://www.benzinga.com/stock/fujhy#OTC">FUJHY</a>) that is to be released next year. Overall, Toyota&#39;s spending on batteries that power EVs are set to double compared to last fiscal year as it should reach about 160 billion yen for the fiscal year that will end in March 2022.
Toyota&#39;s plan differs from that of its rivals, including its domestic competitor Honda Motor Co. Ltd (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hmc#NYSE">HMC</a>). That aims for all its vehicles globally to be fully electric by 2040, rising from 40% aimed for 2030, both globally and in North America.
Toyota&#39;s European rival Volkswagen AG (OTC: <a class="ticker" href="https://www.benzinga.com/stock/vwagy#OTC">VWAGY</a>) that sells roughly the same number of vehicles is going even beyond producing electric vehicles as it will invest in as many as six large battery factories and it aims to operate 18,000 public fast-charging stations across Europe by 2025.
<h4>Outlook</h4>
The semiconductor crisis is deepening along with a resurgence of Covid-19 cases in Asia where most semiconductor chips are produced. The spread of infections caused by dreadful variants remains unpredictable, all of which make it challenging to maintain operations. Moreover, supply constraints have been exacerbated both by the coronavirus and by natural disasters.
Until recently, Toyota&#39;s supply chain know-how and large chip inventory enabled it to successfully overcome the shortages where it simply applied what it learned throughout its history that contained natural disasters. But this is no longer the case as inventory levels are running thin and the global pandemic is still not showing signs of becoming history.
This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full <a href="https://iamnewswire.com/disclaimer-disclosure/">disclosure</a>. IAM Newswire does not hold any position in the mentioned companies. Press Releases &ndash; If you are looking for full Press release distribution contact: <a href="mailto:press@iamnewswire.com">press@iamnewswire.com</a> Contributors &ndash; IAM Newswire accepts pitches. If you&#39;re interested in becoming an IAM journalist contact: <a href="mailto:contributors@iamnewswire.com">contributors@iamnewswire.com</a>
The post <a href="https://iamnewswire.com/covid-disruptions-strike-even-toyota/" rel="nofollow">Covid Disruptions Strike Even Toyota</a> appeared first on <a href="https://iamnewswire.com" rel="nofollow">IAM Newswire</a>.
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Covid Disruptions Strike Even Toyota

EV news keeps on coming. After leading companies like Tesla (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>), General Motors (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>) and NIO (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nio#NASDAQ">NIO</a>) now Subaru Corporation (OTC: <a class="ticker" href="https://www.benzinga.com/stock/fujhy#OTC">FUJHY</a>) has finally hopped on the EV train by officially releasing a few of teaser images of its first electric car that will be powered by the platform it has been co-developing with fellow Japanese automaker Toyota Motors (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>). Renown tonneau cover designer and manufacturer that brought its revolutionary solar fusion TerraVis to the EV table, Worksport Ltd (OTC: <a class="ticker" href="https://www.benzinga.com/stock/wksp#OTC">WKSP</a>) has <a href="https://finance.yahoo.com/news/worksport-enters-pre-production-testing-120000215.html">announced</a> this morning it entered pre-production and testing phase with TerraVis COR mobile energy storage system with which it&#39;ll tap into a wider consumer market.
<h4>Subaru&#39;s First EV</h4>
No pricing or specs have been released but the Solterra EV will be coming to the US, Canada, Europe, and Japan in 2022. &nbsp;Like its automotive peers, the Japanese automaker will use its first electric vehicle as a clean slate to refresh the way it designs the interior of its vehicles. Solterra was created from two Latin words, &quot;Sol&quot; standing for the &lsquo;Sun&#39; and &quot;Terra&quot; standing for the &lsquo;Earth&#39; to represent the automaker&#39;s commitment to deliver traditional SUV capabilities in a way that is in harmony with the environment, which does sound refreshingly harmonic for corporate naming conventions. Like other vehicles that will be built on this platform which Toyota calls the e-TNGA and Subaru calls e-Subaru, Subaru&#39;s first EV will benefit from its expertise in creating good all-wheel drive systems and Toyota&#39;s mastery in developing battery technology for its hybrids. Solterra certainly seems more pleasing to the eyes than &quot;BZ4X,&quot; the first SUV Toyota will build on this shared platform that is also due out next year.
<h4>Worksport&#39;s TerraVis COR Has Entered The Production Prototype Phase</h4>
After signing deals with Atlis Motor Vehicles and Hercules Electric Vehicles to configure its groundbreaking TerraVis system for their upcoming electric pickups and the company&#39;s most recent news about the expansion of its manufacturing capacity and Private Label customer base, Worksport reported it has entered the pre-production and testing phase of its mobile energy storage system, TerraVis COR.
In the coming weeks, the company will soon launch a TerraVis website to provide more information on this revolutionary line. TerraVis COR<img alt="&#8482;" class="wp-smiley" src="https://s.w.org/images/core/emoji/13.0.1/72x72/2122.png" style="height:1em; max-height:1em" />&#39;s first pre-production prototype is expected to be ready during the early stages of the third quarter. It will be fully operational and is expected to reflect the final product that will be commercially available by the end of the year. However, extensive testing is required to receive certifications for it to become a commercially viable global product. This independent mobile energy system is the ideal integration of user-friendly simplicity with clever and multi-dimensional functionality. It is an extension to its TerraVis line that will allow the company to go beyond pickup trucks and tap into a wider consumer market, appealing to any everyday consumer who needs mobile power- and that is pretty much everyone.
Worksport is also in in the process of getting its uniquely designed sold through several large, automotive-focused, online retailers to expand its footprint nationally.&nbsp; Simultaneously, discussions are being held with various distribution channels to get the company&#39;s innovative branded products in many brick-and-mortar stores in the coming year as the company is working diligently towards becoming a household brand known for its unique offering of affordable leading-edge technology that enhances everyday lives.
New EV models are coming, the world&#39;s first electric pickup will see the light of the day this year with exciting technology developments also on the way as after all, EVs are more about software than hardware.
This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full <a href="https://iamnewswire.com/disclaimer-disclosure/">disclosure</a>. IAM Newswire does not hold any position in the mentioned companies. Press Releases &ndash; If you are looking for full Press release distribution contact: <a href="mailto:press@iamnewswire.com">press@iamnewswire.com</a> Contributors &ndash; IAM Newswire accepts pitches. If you&#39;re interested in becoming an IAM journalist contact: <a href="mailto:contributors@iamnewswire.com">contributors@iamnewswire.com</a>
The post <a href="https://iamnewswire.com/news-from-the-ev-world/" rel="nofollow">News From the EV World</a> appeared first on <a href="https://iamnewswire.com" rel="nofollow">IAM Newswire</a>.
Image Sourced from Pixabay

WKSP

News From The EV World: May 13, 2021

Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) shares rallied another 4% to new all-time highs on Thursday morning following this week&#39;s&nbsp;news that the stock <a href="https://www.benzinga.com/news/20/11/18396238/tesla-will-finally-be-added-to-the-s-p-500">will be&nbsp;added to the S&amp;P 500</a>.
Tesla shares are now up 1,045% in the last 18 months. The stock&#39;s market cap stands around $480&nbsp;billion at publication time.
From a valuation perspective, something curious appears to be going on with Tesla. As BNN Bloomberg&rsquo;s anchor<a href="https://twitter.com/JonErlichman/status/1328733583004098560"> Jon Erlichman</a> tweeted on Wednesday, Tesla&rsquo;s market cap is now roughly in-line with the combined market caps of nearly the entire legacy auto industry.
Related Link: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/20/11/18412711/tesla-analyst-reacts-to-s-p-500-inclusion-a-victory-for-bulls">Tesla Analyst Reacts To S&amp;P 500 Inclusion: A Victory For Bulls</a>
The Rest Of The Industry: In fact, the combined market value of the following 12 companies was only $422 billion, as of Wednesday:
<ul>
<li>General Motors Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>)</li>
<li>Ford Motor Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>)</li>
<li>Fiat Chrysler Automobiles NV (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fcau#NYSE">FCAU</a>)</li>
<li>BMW (OTC: <a class="ticker" href="https://www.benzinga.com/stock/bmwyy#OTC">BMWYY</a>)</li>
<li>Honda Motor Co Ltd (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hmc#NYSE">HMC</a>)</li>
<li>Hyundai Motor Company (OTC: <a class="ticker" href="https://www.benzinga.com/stock/hymtf#OTC">HYMTF</a>)</li>
<li>Nissan Motor Co Ltd (OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsany#OTC">NSANY</a>)</li>
<li>Mazda Motor Corp (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mzday#OTC">MZDAY</a>)</li>
<li>Aston Martin (OTC: <a class="ticker" href="https://www.benzinga.com/stock/arggy#OTC">ARGGY</a>)</li>
<li>Subaru (OTC: <a class="ticker" href="https://www.benzinga.com/stock/fujhy#OTC">FUJHY</a>)</li>
<li>Volkswagen (OTC: <a class="ticker" href="https://www.benzinga.com/stock/vwagy#OTC">VWAGY</a>)</li>
<li>Daimler (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ddaif#OTC">DDAIF</a>)</li>
</ul>
The exception to this list is Toyota Motors Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>), which has a market cap of about $227 billion.
One of two things is occurring&nbsp;when it comes to Tesla&rsquo;s valuation. The first possibility is that the market is pricing in the idea that Tesla will eventually gain nearly 100% market share of the global auto market, which seems extremely unlikely.
The other possibility is that investors believe Tesla&rsquo;s EV model, battery power, technology and related infrastructure are creating an entirely new auto industry rather than fully disrupting the existing one.
Not only are investors buying into Tesla&rsquo;s growth, they&#39;re paying an increasingly hefty premium for that growth. In the last three years, Tesla&rsquo;s trailing 12-month revenue has grown by 139.6%, but its market cap has increased by 665% in that time.
Tesla&rsquo;s Rise: Here&rsquo;s a look at how Tesla&rsquo;s market cap has compared to the &ldquo;big three&rdquo; U.S. automakers, GM, Ford and Fiat Chrysler, in the last three years.
Jan 1, 2016:
<ul>
<li>Ford: $56.8 billion</li>
<li>GM: $51 billion</li>
<li>Fiat Chrysler: $15.6 billion</li>
<li>Tesla: $31.5 billion</li>
<li>Combined Big Three: $123.4 billion</li>
</ul>
Jan 1, 2018:
<ul>
<li>Ford: $49.6 billion</li>
<li>GM: $58.2 billion</li>
<li>Fiat Chrysler: $34.7 billion</li>
<li>Tesla: $52.3 billion</li>
<li>Combined Big Three: $142.5 billion</li>
</ul>
Jan 1, 2020:
<ul>
<li>Ford: $36.8 billion</li>
<li>GM: $51.2 billion</li>
<li>Fiat Chrysler: $29 billion</li>
<li>Tesla: $75.7 billion</li>
<li>Combined Big Three: $117 billion</li>
</ul>
Today:
<ul>
<li>Ford: $35.6 billion</li>
<li>GM: $62 billion billion</li>
<li>Fiat Chrysler: $30.3 billion</li>
<li>Tesla: $458.9 billion</li>
<li>Combined Big Three: $127.9 billion</li>
</ul>
A look at the four companies&rsquo; trailing 12-month revenues highlights just how much future growth the market is already pricing into Tesla&rsquo;s stock price:
<ul>
<li>Ford: $130.9 billion</li>
<li>GM: $115.7 billion billion</li>
<li>Fiat Chrysler: $90.6 billion</li>
<li>Tesla: $28.1 billion</li>
<li>Combined Big Three: $337.2 billion</li>
</ul>
Benzinga&rsquo;s Take:&nbsp;It doesn&rsquo;t make sense that nearly all the cars sold in the world in the future will be Tesla vehicles, nor does it make sense that the size of the global auto market will double.
Therefore, Tesla&rsquo;s massive market cap compared to the largest legacy auto companies in the world seems to suggest that investors believe other businesses outside of pure auto unit sales will play an extremely large role in Tesla&rsquo;s future business model.

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