why is tesla stock so high compared to other companies
It has a price-to-earnings ratio PE of 1200 meaning that for every one dollar of earnings Tesla enjoys 1200 of market cap. Just turn it off.
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Teslas stock continued to skyrocket after they announced that it had beaten delivery estimates growing Teslas market valuation to 224 plus billion.
. Of course with any stock price you run into the issue of irrational exuberance. Teslas Elon Musk owns just over 13 of. A high PE ratio.
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. Teslas PE Ratio Almost Halved in a Year. For comparison Fords PE is 2274 while.
Now download the latest annual 10k report from the SEC of Tesla and then juxtapose that report. Overall while growth is expected to remain strong we still think Tesla stock is expensive. At its current price of roughly 840 per share the stock trades at around 155x.
Ad 1000 Strong Buy Stocks that Double the SP. Musks master plan was to power electric vehicles among other things by using what he called the giant fusion reactor in the sky the. Pretend that it no longer exist.
Answer 1 of 23. Elon Musks company has generated outsized optimism for the Tesla and its unique platform. The PE ratio is calculated as a stocks current share price divided by earnings per share in the last twelve months.
Competition from EV manufacturers. Turn off the stock market. Each time Teslas share price has doubled the double has come off of a larger base and therefore the most recent double is an exponentially larger dollar value.
As of November 29 2021 Tesla had a market cap of 11 trillion compared to Fords 78 billion and GMs 86 billion. Tesla has a strong advantage over competing EV manufacturers because they have already built their own products and services. Now Tesla has become not only the most valuable car company in the world but also more valuable than the next six automakers combined with a valuation of 63129 billion.
Teslas market cap got to 20 billion because there simply wasnt enough stock to go around to handle a brand new profitable growth story with no cash needs and a level of demand that cant. Using PE ratio Tesla is dramatically more expensive than other car makers like GM and Ford. Tesla acquired the company in 2016.
Tesla trades for more than 1000 times historic earnings and 161 times. Several other carmakers are now active in the EV space.
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