I just fined the Tesla share price incredible hard to justify, I know they are a growing company with big ambitions but the numbers just don't work.
Tesla:
- Market cap: $392.78 billion
- Q3 units sold: 343,000
VW Group:
- Market cap: $70.98 billion
- Q3 units sold: 2,181,300
Obviously they are slightly different companies, Tesla sell solar and battery storage products. And VW Group have brands that sell to a part of the market that Tesla hasn't entered yet.
However there is no way to look at those numbers and make it work. If you go with a market cap to sales ratio, Tesla investors and projecting sales of over 12 million per quarter to match VW...
On VW, they have nearly reached 7% BEV sales, steadily growing. And those cars are well reviewed.
Teslas "moat" is shrinking.
Tesla:
- Market cap: $392.78 billion
- Q3 units sold: 343,000
VW Group:
- Market cap: $70.98 billion
- Q3 units sold: 2,181,300
Obviously they are slightly different companies, Tesla sell solar and battery storage products. And VW Group have brands that sell to a part of the market that Tesla hasn't entered yet.
However there is no way to look at those numbers and make it work. If you go with a market cap to sales ratio, Tesla investors and projecting sales of over 12 million per quarter to match VW...
On VW, they have nearly reached 7% BEV sales, steadily growing. And those cars are well reviewed.
Teslas "moat" is shrinking.