why is tesla stock so high compared to other companies
Teslas valuation has soared well past other automakers even those which produce millions more cars each year causing Morgan Stanley to take a look at whether Elon Musks company is more accurately valued as a technology stock instead. For comparison Fords PE.
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Tesla TSLA -92 stock surged to all-time highs today breaking above 1000 per share for the first time in the history of the company.
. Perhaps the main reason Tesla stock jumped was the companys better-than-expected first-quarter earnings. Price sales or price revenue is another valuation metric. So Teslas one day jump was just under a quarter of that not more than all of it combined.
Three years ago when Tesla was worth 50 billion the companys board promised Musk a huge grant of stock if he could among other. Profitable for a third quarter in a row. The PE ratio is calculated as a stocks current share price divided by earnings per share in the last twelve months.
Erm so why is Teslas market cap more than BMWs. I cover the stock market investing and technology. Lets compare that to.
So for a company that has reported losses of nearly 45 billion dollars over the last 4 years 2016-Present its stock is up 221. It appears Tesla in the markets view has gone far past the point of comparison vs. Teslas PE Ratio Almost Halved in a Year.
The companynow with a market capitalization near 900 billionis worth roughly three. Ad Zacks new free special report details companies with growth potential rivaling Teslas. It has a price-to-earnings ratio PE of 1200 meaning that for every one dollar of earnings Tesla enjoys 1200 of market cap.
To put this in perspective in mid December Teslas market cap overtook the market cap of all other automakers. You are missing the point as to why Tesla is valued more than other car makers. No publicly traded company trades on the sole basis of assets it is highly speculative of growth and near term earnings.
But the real reason is that Tesla is run like a tech startup and is priced like one too. Tesla isnt the only EV player in town. Tesla stock has a sky-high valuation much to the delight of bulls and the disgust of bears.
Tesla trades for more than 1000 times historic earnings and 161 times estimated future earnings. Overall while growth is expected to remain strong we still think Tesla stock is expensive. So if you missed Teslas rise since it IPOd in 2010 This could be your second chance.
Yes TSLA stock is expensive at a recent priceearnings ratio of almost 700 though it has been much higher but the companys ethos. There is a strong perception that Tesla is more of a software company rather than a carmaker which has contributed to the rapid expansion of the firm. The reason why Tesla has been able to secure such a high valuation over the past several months is that it is miles ahead of traditional carmakers in the electric vehicle industry.
Tesla stock has a sky-high valuation much to the delight of bulls and the disgust of bears. Teslas Price is Extremely High. The reason Tesla is trading so high is because of projected earning in the future and the belief that the company will continue to grow and innovate.
Start Now at TD Ameritrade. Ad A Simple and Easy Process. Second Tesla must hit specified targets for revenues.
A high PE ratio could mean a companys stock is overpriced or that investors are. Tesla trades for 23 times sales. Traditional auto companies Morgan Stanley analyst Adam.
Teslas ability to drive environment consciousness by lowering CO2 emissions from manufacturing EVs and challenging 20th-century car manufacturers to do the same is of more value than any vehicle manufacturing stock on the market. Now download the latest annual 10k report from the SEC of Tesla and then juxtapose that report against the latest 10k report of a competitor such as. Thats more than 10 times the related numbers for its gasoline-powered rivals.
Using PE ratio Tesla is dramatically more expensive than other car makers like GM and Ford. The 10 others less the biggest three is 450 billion 1000 550. At its current price of roughly 840 per share the stock trades at around 155x consensus 2021 earnings.
First Tesla stock must be worth more than 100 billionits 93 billion now. A higher PE ratio makes sense for Tesla because it has vastly more depreciable assets than NVIDIA but even going by the EV-to-EBITDA ratio which strips out depreciation NVIDIA sports a. I dont believe Tesla the company is a Ponzi but the stock almost certainly will go down in.
Ad Stock Expert just declared that an obscure new stock could take on Tesla. Its adjusted earnings per share was 124. Our free report highlights Zacks top stock picks.
Almost every metric you could use to value Tesla says the share prices are extremely high. Tesla has tech entrepreneur Elon Musk at the helm and that counts for a lot. TSLA is currently trading at 650 per share with a PE Ratio of 1300 and a market cap of 62223 Billion.
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