Tesla Replaces Volkswagen On Brand Top 10 List −

Tesla Replaces Volkswagen On Brand Top 10 List

Published on June 10th, 2016 | by

June 10th, 2016 by

 Hmm, what could have happened for Volkswagen to fall off of a “top 10 automotive brands” list and be replaced by Tesla? Such a huge mystery!

The list I’m referring to is BrandZ (h/t Sebastian Blanco). And, honestly, the biggest surprise for me is that Tesla wasn’t already on the top 10 list, but I guess it just didn’t yet have the mass appeal / name recognition.

Notably, Volkswagen was in a tight race with Toyota last year for #1 largest car company, and it is clearly the largest auto company in Europe. Nonetheless, a horrible diesel pollution scandal was a good way to tarnish the brand — kudos to the Volkswagen execs who decided to cheat the people and shorten their lifespans for decades.

Back to BrandZ: the ranking system determines the “value” of hundreds of brands around the world. This is not stock value but “brand value.” Think of it like Trump’s brand value versus his net worth. 😉 While Tesla’s stock value is nearly $34 billion right now, its brand value is $4.4 billion, according to Brandz.

At the top of the overall list are the following heavyweights:

  1. Google — $229 billion
  2. Apple — $228 billion
  3. Microsoft — $122 billion
  4. AT&T — $107 billion
  5. Facebook — $103 billion
  6. Visa — $101 billion
  7. Amazon — $99 billion
  8. Verizon — $93 billion
  9. McDonald’s — $89 billion
  10. IBM — $86 billion

The top 10 automaker brands broke out as follows:

Cars Top 10


 

Where do you think Tesla will fall next year on this list? And will Volkswagen crawl back into the top 10? Well, you might want to know how the ranking is determined before guessing, eh? Here’s the short description:

“Carried out by WPP’s marketing and brand consultancy Millward Brown, the BrandZ™ Top 100 Most Valuable Global Brands ranking is now in its eleventh year. It is the only study to combine measures of brand equity based on interviews with over three million consumers globally about thousands of global ‘consumer facing’ and business-to-business brands with a rigorous analysis of the financial and business performance of each company (using data from Bloomberg and Kantar Worldpanel) to separate the value that brand plays in driving business and shareholder value. Consumer perception of a brand is a key input in determining brand value because brands are a combination of business performance, product delivery, clarity of positioning, and leadership. The ranking takes into account regional variations since, even for truly global brands, measures of brand contribution might differ substantially across countries.”

You can download the full report for more details on methodology.


 

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About the Author

is the director of CleanTechnica, the most popular cleantech-focused website in the world, and Planetsave, a world-leading green and science news site. He has been covering green news of various sorts since 2008, and he has been especially focused on solar energy, electric vehicles, and wind energy since 2009. Aside from his work on CleanTechnica and Planetsave, he's the founder and director of Solar Love, EV Obsession, and Bikocity. Zach has long-term investments in TSLA, SCTY, FSLR, SPWR, SEDG, & ABB. After years of covering solar and EVs, he simply had a lot of faith in these companies and felt like they were good companies to invest in as a portion of his retirement strategy. To connect with Zach on some of your favorite social networks, go to ZacharyShahan.com and click on the relevant buttons.
  • Kieran Delaney

    Surely, based on those figures, Tesla could take the Number 8 spot next year…right?

  • GM is still in the toilet.