Totally, and at some point in the future, if they're super lucky, they might be worth something around half of what they're worth today lol. I don't think they're going to
grow the car market, which means they're worth at most what the car market is today. Further, I sincerely doubt theres a world in which they own 100% of the car market, so that means it's overvalued both now and into the future.
Toyota's worth 300B and they have excellent industry-leading margins. Tesla is priced at 900B while shipping a tiny fraction of the cars.
[edit] Tesla shipped 241,000 cars this quarter. Toyota shipped 2.2M. Tesla's car deliveries are literally a rounding error against Toyota's. It would take 6 years of 50% YoY growth to match Toyota's shipments alone this year.
[edit2] Toyota's PE is 9.6, so once mature, Tesla should also trade right around a 9.6 p/e, if they're really lucky.
[1] https://www.statista.com/statistics/267272/worldwide-vehicle...
Toyota's worth 300B and they have excellent industry-leading margins. Tesla is priced at 900B while shipping a tiny fraction of the cars.
[edit] Tesla shipped 241,000 cars this quarter. Toyota shipped 2.2M. Tesla's car deliveries are literally a rounding error against Toyota's. It would take 6 years of 50% YoY growth to match Toyota's shipments alone this year.
[edit2] Toyota's PE is 9.6, so once mature, Tesla should also trade right around a 9.6 p/e, if they're really lucky.
[1] https://www.statista.com/statistics/267272/worldwide-vehicle...