TESLA “The future largest EV autonomous driving company out there?”
This recent quarter has been a profitable quarter that doubles Tesla's market value and becomes the second largest car factory in the world. As of writing Tesla’s market capitalization is USD 135 billion.
Tesla has been continuing to make losses for several years and finally 2019 was a better than expected profitable quarter beating analyst’s estimates on EPS and number of car sales. Tesla's stock price rose subsequently but many people were still skeptical around mid-2019.
After the results were announced at the end of October, ever since then the price has been rising steadily from $ 255 to the current price of $ 748 which has almost tripled in the last 3 months.
Throughout all this hype over tesla is tesla’s current price sustainable or is there still an upside to this? Well there are something you should know first before judging.
- Tesla's market capitalization has surpassed Volkswagen to become the world's second largest automaker. However, Volkswagen's 2019 car sales are 10 million, and Tesla only has 360,000.
- Retained Earnings for Tesla with cumulative losses of around -$ 6.1 billion. This means that Tesla has lost a total of 6.1 billion U.S. dollars since its operations, and the company needs to make more than 6.1 billion U.S. dollars to make back the money that they lost cumulatively.
- Toyota is currently the world's largest carmaker, has a market value of US $ 232 billion, a market value of US $ 103 billion more compared to Tesla and US $ 99.7 billion from Volkswagen.
- Tesla has just built their largest Gigafactory in China and it has already began starting its early stages of operations, this Gigafactory can produce around 500,000 cars per year.
With all those things mentioned do you think Tesla's valuation is currently too high or they still have a lot of room to grow in the future.
Prospects for cars are moving towards the autonomous driving sector already and with Elon Musk’s plan to push this through will it be a big hit in the future? Leave your comments down below what you think about Tesla and if you guys want me to do a full analysis on Tesla company itself.
Got something to share or ask about investing? Want extra content that we don’t share on our Facebook page?
Join our English telegram group!
https://t.me/joinchat/FSnMkBUY-Ni2j2sOmL20jQ
————Check us out————
Website• @12ingroup
http://bit.ly/31UyLw4
nstagram • @12ingroup
http://bit.ly/2ZJYgOI
Twitter • @12_invest
http://bit.ly/2IH9NIP
#TESLA
#EV
#AUTONOMOUSDRIVING
#12INVEST
Disclaimer:
All the views and opinions expressed in our post are for education and informational purposes only and it should not be considered as professional financial investment advice or buy/sell recommendations. We strongly encourage you to do your own research and take independent financial advice from a professional before you proceed to invest.
We make no representations as to the accuracy, completeness, correctness, suitability, or validity of any information on our Facebook Page/Group and will not be liable for any errors, omissions, or delay in this information or any losses and damages arising from its display or usage. All users should read the posts and analyze the information at their own risk and we shall not be held liable for any losses and damages.
https://klse.i3investor.com/blogs/12stocktalkeng/2020-02-10-story-h1483734887-_12Invest_Want_to_Invest_TESLA_The_future_largest_EV_autonomous_driving.jsp
