10 Most Successful Innovative Companies in The World in 2016

1. Tesla Motors Inc (NASDAQ:TSLA)

Innovative Premium – 82.4%

Market Cap – $33.5 billion

At the top of our list of most successful innovative companies in the world in 2016 we find Tesla Motors Inc (NASDAQ:TSLA), which isn’t really a surprise considering all of the things that Elon Musk has created in the past few years and the driving force (pardon the pun) that Tesla has been in the automotive world.

At its core, Tesla focuses on designing, developing, manufacturing and selling electric vehicles and electric power train components. Its cars are considered to be some of the best out there, not only due to the tech under the hood, but also due to the cool designs they sport. While the cars are rather pricey, there’s a lot of money invested in research, innovation and testing that gets calculated into that final number. The Model S, Model X and Tesla Roadster are some of the names that have already made Tesla one of the biggest names out there when it comes to cars, even though that has yet to translate into big sales numbers, as the company continues to try and ramp up production. The electric vehicle market is also still in its infancy itself.

The latest update to reach Tesla Motors Inc (NASDAQ:TSLA)’s cars is its fully self-driving hardware, yet another major innovation. This is a rather controversial topic, which has raised lots of questions regarding the safety of the technology, but Tesla assures that it is 100% safe. Tesla’s new cars are installed with eight surround cameras providing 360-degree visibility at up to 250 meters of range, twelve ultrasonic sensors, a forward facing radar, and a new onboard computer to calculate all of the data coming in.

Hedge funds are still rather skeptical about Tesla’s long-term ambitions, as just 4% of the company’s shares were held by 36 of the hedge funds that we track as of June 30. Drew Cupps’ Cupps Capital Management slashed its Tesla position by 89% during the third quarter, leaving it with just 664 shares of the company on September 30.

Hadrian / Shutterstock.com

There are many things that fall under the word “innovative”, but these are, in the end, the 10 most successful innovative companies in the world in 2016.

Disclosure: None