2 ms·
The stock doesn't need to trade on market share. Look at profits. Real $$ and growth of those real $$. $17B in Q1. With 80% YoY growth, and new factories able
by pedalpete 5y ago
The stock doesn't need to trade on market share. Look at profits. Real $$ and growth of those real $$.
$17B in Q1. With 80% YoY growth, and new factories able to supply the growing demand, it is within reason to expect $30B profit in Q4 (or Q1 2022 if you'd prefer). They are trading at 10x multiple on annual PROFIT.
Toyota's profit last quarter was $6.8B with a market cap of $280B, and not growing. So they have annual profit of $28B, also trading at 10x multiple on annual profit.
Makes tesla look like a good buy to me.