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Tesla is the largest maker of EV cars in the world. Last quarter they were more profitable that GM, Ford and Toyota. They are growing car production and reven
by kjksf 4y ago
Tesla is the largest maker of EV cars in the world.
Last quarter they were more profitable that GM, Ford and Toyota.
They are growing car production and revenues 50%, on average, for over a decade. Profits even faster.
On a PEG ratio Tesla stock is undervalue compared to companies that are growing profits much less than Tesla's 100% YoY growth last quarter (companies like Amazon).
Tell me more about "hype".
- jrm4 4y agoSure. This is definitely hype. For all the fancy numbers you've thrown out there, I see absolutely nothing that strongly indicates that what's going to happen is "Tesla will be a big car manufacturer, competitive with the others." Don't tell me things in terms of money -- we've already gotten the lesson that Musk is adept at the "money raising/moving game," whether it's stocks or crypto or gov't money. Take all that away. What's the story of "vehicles on the road?" What's going on with exploding batteries and cybertrucks and adoption. (Maybe it is better than it looks from me, someone who doesn't much care) but what I'm seeing as Teslas is "a niche product for rich people." Personally, I probably won't buy any EV unless it comes from a name I know, like Toyota -- they build bulletproof (damn near literally) vehicles that JUST WORK ALL THE TIME.
- stephc_int13 4y agoIf I am not mistaken, Telsa stock is currently worth more than all other car manufacturers combined, while selling a small fraction of the total vehicles, with no huge margin.