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Tesla and TikTok are the world’s fastest-growing brands in 2021

ConsumerGeniuses

ConsumerGeniuses

According to Kantar BranZ, a research and industry valuation firm, Tesla and TikTok are the world’s top two fastest-growing companies. Tesla, securing the number one position, has increased its stock by 700%. The company raised its sales by 90% in China by manufacturing electric cars in China itself. Plus, the production of the new model Y has helped Tesla enter the SUV market. TikTok, being the second fastest-growing company, is the world’s most downloaded application. As per Kantar BranZ, the retail sector is growing at an unimaginable pace due to a significant surge in e-commerce.

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