Tesla's Q4 2021 revenue would qualify it for the Dow, beating many well known Dow components such as Coke, Visa, and Nike.
Tesla’s estimated Q4 2021 revenue compared to Dow components estimated Q4 2021 revenue. Source: Author
Two of the largest manufacturing companies in the Dow are Boeing and Caterpillar. They are estimated to have Q4 revenue of $16.48 billion and $13.165 billion, respectively. If my estimates are close, Tesla will exceed both. I was astonished when I first realized this fact. Tesla didn’t exist 15 years ago. Boeing traces its origins to 1916, and Caterpillar was started in 1892! If the Dow added Tesla to its index, it would be the second largest manufacturer present, behind Intel.
Tesla’s estimated Q4 2022 revenue compared to Dow components estimated Q4 2021 revenue. Source: AuthorThe purists and haters will argue Toyota, Ford, and GM all have more revenue currently. I agree. All three won’t be added to the Dow anytime soon. GM was kicked out when it declared bankruptcy. That doesn’t take away from Tesla’ accomplishments. Singlehandedly, Tesla has become a manufacturing and technology power house, against all odds.
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