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Google's numbers are based on previous quarters, not Q3. 147 is based on today's results and stock price. And Tesla's income is growing fast so P/E is dropping
by rcMgD2BwE72F 5y ago
Google's numbers are based on previous quarters, not Q3. 147 is based on today's results and stock price.
And Tesla's income is growing fast so P/E is dropping at the same speed (the share price has remained stable since early 2021).
Compared to Tesla, Toyota is stagnating. Their battery technology is outdated and they invest almost nothing in BEV. They're still making a full bet on PHEV and hydrogen light vehicles. For now, Toyota simply cannot compete in BEV. They won't have the batteries and/or the materials (lithium / nickel), and every year they do nothing, Tesla, VW and others are securing multi year procurement deals.
Also, it would take years of great EV sales for Toyota to be able to outpace Tesla's battery purchasing power. And Tesla is making their own cells so they're not even playing the same game.
- skohan 5y ago> Their battery technology is outdated and they invest almost nothing in BEV. Isn't Toyota investing heavily in solid-state batteries?
- ecpottinger 5y agoAnd what information do you have on their progress.
- skohan 5y agoWhat information do you have on Tesla's progress towards humanoid robots or fully autonomous vehicles?