Tesla remains the world's most valuable automaker in 2026 despite ranking low in car sales among the top-10 automakers and having fewer models than in years. Its market capitalization equals the combined value of the next 37 largest automakers as of Tuesday's close.

The company reports second-quarter earnings Wednesday, with some analysts expecting the stock price to rise further. Investors continue betting on Tesla's ability to deliver truly self-driving vehicles and humanoid robots, rather than traditional automotive metrics.

Tesla has stated its future lies beyond being a traditional car company, focusing instead on autonomous taxis, humanoid robots and AI. Speculation also persists about a potential merger with SpaceX, though no official plans have been announced.