Tesla up 19 spots in 2023 World’s Top 25 Most Valuable Brands rankings

Tesla has skyrocketed 19 spots to rank 11th on Interbrand's 2023 World’s Top 25 Most Valuable Brands list.

The rankings are based on factors such as financial performance, the role of brand in the purchase decision process and its competitive strength.

Tesla's value has grown exponentially since the company released its first all-electric car, the Roadster, back in 2008.

It has revolutionized electric mobility and redefined our view of what cars can do.

From accelerating clean energy transportation to offering self-driving features, Tesla continues to lead the industry in technological innovation and environmental sustainability.

As a result, it's now valued at $47 billion up 34 percent from last year.