why is tesla stock so high compared to other companies

That means dramatic changes such as. Ad 1090 Strong Buy Stocks that Double the SP.

Supercharged Tesla Shares Rally To A Record High Technology News Al Jazeera

The company reported 2020 adjusted net income excluding items such as 17 billion stock-based compensation of 25 billion.

. Its automotive gross profit which compares. Zacks Free Report Highlights Our Top Stock Picks. Open an Account Now.

When you sign up youll reveal the names and ticker symbols of these 5 companies. Are EV Stocks the Next Gold Rush. 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.

For comparison Fords PE is 2274 while. Now is the time to move. It will struggle to sell.

Ad Get the Inside Access Traders Are Using to Profit More and Win Bigger. Ad These 5 companies are set for historic price action. Woods prediction would mean Teslas market value easily exceeds 1 trillion within five years nearly 10 times the companys current valuation.

Teslas PE Ratio Almost Halved in a Year. Teslas market capitalization has increased by more than 500 billion in 2020 and the company is now worth about as much as that of the nine largest car companies globally. They want Ford -- and other old-line manufacturers -- to adopt a new business model.

Customize All Your Alerts by Tools Including Newsfeed Signals and Watchlists. Open an Account Now. These 2 companies are almost exactly the same size but.

Teslas market cap has doubled in the last 12 months to US59bn so its now more than BMWs. Its making losses of around US2bn on revenues of around US10bn. It is a minor albeit sexy manufacturer of electric vehicles.

Three years ago when Tesla was worth 50 billion the companys board promised Musk a huge grant of stock if he could among other things bolster the companys market. Using PE ratio Tesla is dramatically more expensive than other car makers like GM and Ford. 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.

A high PE ratio. Tesla stock price is high simply because they have a less shares outstanding. Ad No Hidden Fees or Minimum Trade Requirements.

Why Is Tesla Stock So High. -- Re-inventing their platform. Ad Zacks New Free Special Report Details Companies With Growth Potential Rivaling Teslas.

Tesla trades for more than 1000 times historic earnings and 161 times. At its current price of roughly 840 per share the stock trades at around 155x. Ad No Hidden Fees or Minimum Trade Requirements.

It has a price-to-earnings ratio PE of 1200 meaning that for every one dollar of earnings Tesla enjoys 1200 of market cap. Lets compare that to other auto manufacturers. Teslas capital expenditure-to-sales ratio is also high at 149 which compares favorably to the sector median of just 26.

Tesla CEO Elon Musk has built Tesla into one the most powerful brands in the world. The PE ratio is calculated as a stocks current share price divided by earnings per share in the last twelve months. For years potential competitors kept an eye on Tesla as.

And somehow it is the worlds. 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. Overall while growth is expected to remain strong we still think Tesla stock is expensive.

There is nothing fundamental from a financial perspective to justify Teslas stock price. The total market cap for Tesla is 52B and 51B for GM.

Outperform The Market In Less Than 15 Minutes Per Month Growth Company Top Stock Picks Advisor