Ultime notizie per Subaru (OTC:FUJHY) Azioni

FUJI HEAVY INDS ADR

Subaru

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

Earnings

News

FUJHY

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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FUJHF

MZDAF

MZDAY

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.

Penny Stocks

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LCID

MERCEDES-BENZ UNSP / ADR by Mercedes Benz Group AG

MBGYY

NSANY

RIVN

STLA

TSLA

VWAPY

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.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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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>
Image via Shutterstock
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Tech

Media

General

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

Earnings Beats

Global

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>

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YAMHY

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

The average price paid for a new vehicle in the U.S. during June was $48,043, according to new data Kelley Blue Book, a Cox Automotive company. This marked the highest price recorded and was the first time the average transaction price (ATP) went beyond the $48,000 mark.
What Happened: June&rsquo;s price went beyond the previous record of $47,202 set in December 2021. The ATP was up by 1.9% ($895) from May and was also 12.7% higher ($5,410) from June 2021.
The average price paid last month for a new non-luxury vehicle was $43,942, another record high. Car shoppers in the non-luxury segment paid on average $1,017 above sticker price.
New-vehicle buyers have paid approximately $1,000 above the manufacturer&#39;s suggested retail price (MSRP) for each month this year. In comparison, buyers in June 2021 only paid an average of $158 above the MSRP.
See Also: <a href="https://www.benzinga.com/news/22/07/28018387/homebuyers-are-backing-out-of-sales-at-record-levels-report">Homebuyers Are Backing Out Of Sales At Record Levels: Report</a>
Why It Happened: The imbalance between strong customer demand and an inadequate supply enabled dealers to charge prices at or above the MSRP.
Among the manufacturers, the most dramatic year-over-year percentage change for vehicle prices were Mercedes-Benz&rsquo;s (OTC: <a class="ticker" href="https://www.benzinga.com/stock/dmlry#OTC">DMLRY</a>) Daimler at 15.7%, Volkswagen Group (OTC: <a class="ticker" href="https://www.benzinga.com/stock/vwapy#OTC">VWAPY</a>) at 15.4% and Honda (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hmc#NYSE">HMC</a>) at 13.9%. Amond U.S. manufacturers,&nbsp;Tesla (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) saw an 11.8% year-over-year price spike while Ford Motor Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>) was up 8.4% and General Motors (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>) was up 3.4%.
See Also: <a href="https://www.benzinga.com/news/22/07/27974136/study-40-of-americans-think-they-have-a-good-job">Study: 40% Of Americans Think They Have A Good Job</a>
However, not every manufacturer recorded year-over-year price increases. Subaru Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/fujhy#OTC">FUJHY</a>) saw a scant 0.1% dip while prices on vehicles made by Mazda Motor Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mzday#OTC">MZDAY</a>) dropped by 5.2%.
&quot;While prices for the industry are, on average, higher than MSRP, there are some non-luxury segments that are more affordable such as compact cars and compact SUVs/crossovers,&quot; said Rebecca Rydzewski, research manager of economic and industry insights for Cox Automotive. &quot;These segments are selling for more than 30% less than the industry average transaction price.&quot;
Photo: Bertknot&nbsp;/ Flickr Creative Commons

DMLRY

New Vehicle Prices Hit Record High In June: Report

While millions of households will be tuned in on Sunday to watch the Los Angeles Rams take on the Cincinnati Bengals in Super Bowl LVI, other households will be viewing Team Ruff battling Team Fluff in the day&rsquo;s other annual event, Puppy Bowl XVIII,&nbsp;on Discovery Communications Inc.&rsquo;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/disca#NASDAQ">DISCA</a>) Animal Planet cable network and Discovery+ streaming service.
Doggone Cute: The first Puppy Bowl was broadcast on Feb. 6, 2005, as an alternative viewing experience to the Super Bowl juggernaut that muscled out all other programming on game day. Margo Kent, the executive producer for Puppy Bowl I, recalled in a&nbsp;2014 <a href="https://www.rollingstone.com/culture/culture-news/americas-other-cuter-super-bowl-the-story-of-the-puppy-bowl-48603/">Rolling Stone</a> interview, &ldquo;It was always a joke: How do you counter the Super Bowl? Let&#39;s just put a box of puppies up there and call it a day. It&#39;s not worth trying to go against the Super Bowl.&rdquo;
Tapping its canine cast from animal shelters around the country, Puppy Bowl served a double purpose of advocating for dog adoptions while offering those who had no interest in football with a happy distraction of playful puppies.
While the Puppy Bowl game is supposed to be a send-up of an NFL match, it mostly seems improvised as the game progresses. There are endless dog-related puns throughout the broadcast, such as &ldquo;paws interference&rdquo; when one puppy gets too rambunctious with his adversary, and the winning team aims for the Lombarky Trophy (a riff on the Super Bowl&rsquo;s Lombardi Trophy).
Over the years, the Puppy Bowl has brought in other animals to spice up the proceedings:&nbsp;a kitten half-time show has been a staple of the event since its second incarnation and squads of rabbits, chickens, hedgehogs and penguins have cycled in and out over the years as cheerleaders.
Needless to say, Puppy Bowl productions are complex and need to be pre-recorded. The average production is shot three months in advance over a two-day span with 17 cameras on the puppies. Some of the footage that gets deleted involves on-field mishaps &mdash;&nbsp;many of the puppies are not paper-trained athletes.
<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" frameborder="0" height="315" src="https://www.youtube.com/embed/MEUsjM--Rps" width="560"></iframe>
Canine Champions: Last year&rsquo;s Puppy Bowl drew 2.1 million viewers, up from the previous year&rsquo;s 1.85 million. And while Super Bowl LV attracted 96.4 million viewers for ViacomCBS Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/viac#NASDAQ">VIAC</a>), it was also the lowest watched Super Bowl since 2007.
This year&#39;s teams consist of more than 100 puppies from 67 shelters in 33 states, and the show&#39;s advertiser base is led by Berkshire Hathaway Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/brk-a#NYSE">BRK-A</a>) GEICO unit, which has naming rights to the Puppy Bowl &ldquo;stadium.&rdquo; Other official sponsors for Puppy Bowl XVIII include Church &amp; Dwight Co., Inc.&#39;s&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/chd#NYSE">CHD</a>) Arm and Hammer Clump and Seal cat litter, Chewy Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/chwy#NYSE">CHWY</a>),&nbsp;Home Depot Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hd#NYSE">HD</a>), Subaru (OTC: <a class="ticker" href="https://www.benzinga.com/stock/fujhy#OTC">FUJHY</a>),&nbsp;Pedigree Petfoods, Bissell, and the Yellow Tail wine brand.
The three-hour Puppy Bowl XVIII production is also bringing in two-legged guest stars, Martha Stewart and Snoop Dogg, as team &ldquo;coaches.&rdquo; The only other human on camera is &quot;rufferee&quot; Dan Schachner. Snoop Dogg is also part of the Super Bowl LVI half-time show, making him the rare crossover participant between the two shows.
Puppy Bowl XVIII airs on Feb. 13 at 2&nbsp;p.m. ET.
Related Link: <a href="https://www.benzinga.com/markets/cryptocurrency/22/01/24984543/how-you-can-get-a-free-nft-of-the-puppy-bowl">How You Can Get A Free NFT Of The Puppy Bowl</a>
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Sunday's Other Bowl Game: Inside Discovery's Puppy Bowl XVIII

<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>.
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News From The EV World: May 13, 2021

For the first time, Mazda Motor Corp (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mzdaf#PINK">MZDAF</a>) topped Consumer Reports&rsquo; annual ranking of automaker brands, while Tesla (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) wound up in 16th place.
What Happened: The magazine stated&nbsp;its ratings were&nbsp;based on a number-crunch of &ldquo;predicted reliability, and owner satisfaction based on member surveys, and CR&rsquo;s hands-on analysis.&rdquo; Safety features and crash test scores were also factored into the judging.
The newly released 2021 Brand Report Card raised Mazda&rsquo;s ranking three spots from last year&rsquo;s list. Jake Fisher, senior director of automotive testing for Consumer Reports, praised the Japanese automaker for &ldquo;putting out very desirable vehicles that drive very well.&rdquo;
Bayerische Moteren Werke AG (OTC: <a class="ticker" href="https://www.benzinga.com/stock/bamxf#OTC">BAMXF</a>), better known as BMW,&nbsp;Subaru Corp (OTC: <a class="ticker" href="https://www.benzinga.com/stock/fujhf#OTC">FUJHF</a>),&nbsp;Porsche Automobile Holding&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/poahy#PINK">POAHY</a>) and Honda Motor Co Ltd&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hmc#NYSE">HMC</a>) took the remaining spots in this year&rsquo;s top-five rankings.
Among the list&rsquo;s bottom dwellers were&nbsp;Alfa Romeo, owned by&nbsp;Stellantis NV&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stla#NYSE">STLA</a>);&nbsp;with Land Rover, owned by Tata Motors Limited ADR&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ttm#NYSE">TTM</a>);&nbsp;Mitsubishi Corp (OTC: <a class="ticker" href="https://www.benzinga.com/stock/msbhf#PINK">MSBHF</a>);&nbsp;Jeep, also a Stellantis brand,&nbsp;and Lincoln, owned by Ford Motor Company&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>).
New On The List: For only the second time since Consumer Reports began publishing its list, two brands cracked the top 10: Chrysler, owned by Stellantis, in eighth place, and Buick, owned by General Motors Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>) in ninth place. Both brands moved up five spots from the 2020 rankings.
Last year&rsquo;s top-ranked U.S. brand, Tesla, fell five spots this year to a 16th place ranking, with Consumer Reports explaining Elon Musk&rsquo;s company was &ldquo;dragged down by reliability issues with the Model S, Model Y, and Model X.&rdquo; However, the Tesla Model 3 scored a &ldquo;Recommended&rdquo; label from Consumer Reports.
(Photo courtesy Mazda Motor Corp.)

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Mazda Tops Consumer Report's Auto Brand Rankings, Tesla Tumbles Down List

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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