While the reported crashes are obviously concerning, safety-related incidents and investigations are part and parcel of the automotive business and we dont see this as meaningfully altering the course of Teslas self-driving business. Tesla Now, is Tesla stock poised to grow? Tesla also appears to be more confident about the capabilities of its system. (see update below) So how are Teslas quarterly results expected to trend? A change of 4.4% or more over ten trading days has a 41% event probability, which has occurred 1024 times out of 2516 times in the last ten years. According to CNBC, Tesla reported $13.76 billion in revenue $150 million above Refinitiv expectations and about 57% more than the year before. During times of excess, fundamentals take a backseat. That said, its possible that Tesla could see some pressure due to the ongoing component supply crunch and rising logistics costs. The companies that are still into hydrogen to this very day appear to be disconnected from reality the most. Now Teslas gross margins are already well ahead of the broader auto industry average margins of under 10%[1], and we think that they have scope to rise a bit more in the long run, as Teslas ramps up sales of its refreshed Model S and X luxury vehicles and also by higher software sales. 16:56, 26 October 2021. share_this_article. [8/19/2021] How Will Teslas Autopilot Investigation Impact Its Stock? Strange that [the Hertz order] moved valuation, as Tesla is very much a production ramp problem, not a demand problem.. Market Capitalization Definition Market Capitalization measures the total value of a company based on their stock price multiplied by the shares outstanding. ", Visual Capitalist. Those two trends result in a quickly increasing market share for Tesla in the largest markets. Tesla stock climbed as much as 5% to a fresh high on Monday, boosting the electric-car company's market capitalization to north of $700 billion. Tesla joins Apple, Amazon, and Microsoft in the trillion-dollar market cap club. For perspective, even Toyota, which has the most well-oiled supply chain in the automotive business, had to slash worldwide vehicle production by 40% in September on account of the global semiconductor shortage. ", PwC, Tesla's market capitalization between March 31, 2020 and 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1256537/market-capitalization-of-tesla/ (last visited December 12, 2022), Tesla's market capitalization between March 31, 2020 and 2022, Available to download in PNG, PDF, XLS format, Plug-in electric light vehicle sales worldwide 2015-2021, Electric vehicle sales - globally by model 2021, Range of selected electric vehicle models 2022, Tesla's free cash flow by quarter 2019-2022, Tesla's operating margin by quarter 2019-2022, Gross margin by segment - Tesla 2019-2021, Tesla's domestic and international revenue 2018-2021, Tesla: vehicle deliveries by main model and quarter 2022, Quarterly Tesla supercharger station and connector volume worldwide 2020-2022, Plug-in electric vehicle sales worldwide by brand 2021, Plug-in electric vehicle sales market share by producer 2021, BMW i series - electric car sales 2014-2021, Chevy Bolt EV sales in the United States - 2017-2021, BYD Group's total vehicle sales 2019-2021, by type, Tesla's U.S. market share - December 2021, Best-selling plug-in electric cars in the United States 2021, Number of electric vehicle fast charging stations in the U.S. by network 2022, Market capitalization of the BSE in Romania 2007-2021, Market capitalization in Romania 2020, by sectors, Number of Tesla cars registered in Hong Kong 2019, by year of manufacture, Number of Tesla cars registered Spain 2011-2018, Market volume of shares traded in NSE across India FY 2012-FY 2017, London Stock Exchange: Toyota monthly market capitalization 2010-2019, Number of Tesla employees IPO and FY 2021, Leading medical marijuana stocks in Canada in 2016, by price percentage gain, Market cap of automobile sector on Milan Stock Exchange 2017-2022, Tesla's market capitalization between March 31, 2020 and 2022 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports. The flow of investors pouring money into Tesla's stock and associated financial products helped finance its investments into manufacturing infrastructure. Facebook, meanwhile, closed the day with a $763 billion market cap. Are Bank Stocks Sending A Market Warning? Tesla stock(NASDAQ: TSLA) is up over 150% year-to-date, with its market cap crossing $200 billion. Tesla stock rose 5.2 % over a five-day trading period ending 9/28/2021, compared to the broader market (S&P500) which remained roughly flat. Drew Dickson, chief investment officer at Albert Bridge Capital, told the Financial Times that valuations nowadays are driven by a "huge, recursive 'tail wagging the dog' nature," meaning they are based on expectations of the future rather than present reality. For example, Chinas premium EV players Nio and Li Auto posted 100% and 190% year-over-year growth respectively over Q3 2021. Online retail behemoth Amazon.com, Inc. (AMZN) was a distant second with a contribution of 16.92 points. Once they become operational, along with its factories in Fremont and Shanghai, the company should kickstart into high gear with its vehicle delivery. Market News. AU $20.12. Net income of $1.62 billion was 388% more than the. We should have a lot more details on Teslas progress with autonomous driving when the company hosts its first AI Day event on Thursday evening. Market Cap 572.18B. Tesla had the most delusive market cap which hit USD1 trillion for the first time in October, 2021, and went beyond. Much of the heft in Tesla's valuation (and associated financial products) comes from the promise of a future dominated by electric vehicles. . The company reports - using industry data about market results - that its share in US/Canada. ET. While Teslas recent execution has been commendable, we remain negative on Tesla stock at its current valuation. [10/21/2021] Is Teslas Stock Still Overvalued After Its Q3 Results? "The Tesla Financial Complex: How Car Maker Gained Influence Over the Markets. But, the decline . However, the companys popular driver-assistance feature, Autopilot, has come under increasing regulatory scrutiny this week, with the National Highway Traffic Safety and Administration (NHTSA) noting that it was looking into 11 cases of collisions of Tesla vehicles with parked vehicles of first responders. The Chinese stock market is having a rough 2022. Teslas margins have also been trending steadily higher. Average trading volume in Tesla options exceeds that in S&P 500 options. Tesla Market Cap Now More Than 30% of Apple's Douglas A. McIntyre January 6, 2021 7:39 am Tesla Inc.'s ( NASDAQ: TSLA) market capitalization has jumped to $697 billion. It's the most valuable automotive manufacturer in the world, with a market cap that's more than four times its largest competitor in Toyota. Home About Shop . Indeed if the popular appeal of Musk is not strong enough, Hertz said it is partnering with Super Bowl champion Tom Brady who just set a record 600 touchdown passes to market its electric-vehicle rentals. Asking for a friend. P/E ratio history for Tesla from 2010 to 2022 2013 2016 2019 2022 -500 500 1000 0 companiesmarketcap.com PE ratio at the end of each year Tesla vehicles are expensive. Tesla is the 6th American company to have achieved this feat, after Apple, Microsoft, Amazon, Alphabet, and Meta. The automaker's market capitalization surpassed the trillion-dollar marker for the first time on Monday. The increase in Tesla's stock price and market cap has created a financial complex of investment products that include or track the electric car maker's stock. Please create an employee account to be able to mark statistics as favorites. If you are an admin, please authenticate by logging in again. You can only download this statistic as a Premium user. The company's reliance on bonds, which require regular payments, has lessened. Miles logged are a crucial metric for autonomous cars, as self-driving algorithms are based on machine learning, and more training data makes algorithms smarter. . A change of 9.2% or more over twenty-one trading days has a 35% event probability, which has occurred 879 times out of 2515 times in the last ten years. That said, we value Tesla stock at just about $560 per share, a discount of almost 30% versus the current market price, due to mounting competition in the EV space from mainstream automakers and concerns of higher inflation and rising interest rates, which could hurt valuations for high-growth stocks. Higher Prices Or Tough Sledding For Stocks Ahead? The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). AU $21.40. With a market cap of about $1 trillion, Tesla trades at a relatively lofty 120x projected 2022 earnings and is essentially valued higher than the ten largest automotive companies combined. Tesla (TSLA) Sell-Off Intensifies Ahead of Earnings, Tesla's (TSLA) Success Depends on Autonomous Driving Tech, Observers Say. Then there are the more recent problems with its Autopilot driver assistance system. Weve seen something similar in the consumer electronics space as well, with high-margin Apple managing its chip supply much better versus the broader industry. Included in this complex are an assortment of investment productsoptions, equity-linked funds, climate tech-focused investment vehiclesand they exert a massive influence in the equity and derivatives markets. Should you buy Tesla stock? For the year, the S&P 500 cash index is lower by nearly 17% (3,970). Shares Outstanding . We also reference original research from other reputable publishers where appropriate. Access to this and all other statistics on 80,000 topics from, Show sources information Over 2018, Tesla likely logged about 500 million self-driving miles across all geographies. List of TSLA Competitors [10/18/2021] Will Tesla Stock Rise Following Q3 2021 Earnings? 2021, 3:39 PM UTC Updated on May 19, 2021, 8:22 PM UTC. TSLA Nasdaq Stock Market NLS real time price CURRENCY IN USD Automobiles & Auto Parts. This enables the company to equip the hardware as standard in all its vehicles, irrespective of whether or not a user enables it by paying money. TSLA TSLA HISTORICAL DATA TSLA Historical Data DOWNLOAD DATA 1 2 Back to TSLA Overview Get up to 10 years of daily historical stock prices & volumes. Statista. "Global market value of carmakers as of October 26, 2021 by market cap." Securities and Exchange Commission. to incorporate the statistic into your presentation at any time. Firstly, its likely that the EV market is going to get a lot more competitive. Self-made millionaire Steven Mark Ryan, from the Solving the Money Problem YouTube channel I mentioned earlier, has been researching Tesla in-depth since 2016, and with some back-of-the-napkin math, he roughly estimates a $5 trillion market cap by 2030 is possible. Tesla's outstanding share count as of Aug 9, 2021 is 1.002B, which means $TSLA will hit a $1 Trillion market cap at $998/share. See howTeslas value could rise to $1.5 trillion aided by a deal with Google. Green investing consists of investment activities that focus on companies or projects committed to the conservation of natural resources. Firstly, Tesla focuses on more premium vehicles, and its automotive gross margins stood at almost 26% in Q2 2021, excluding regulatory credit sales, compared to margins of under 10% for the broader auto and truck space. We expect revenues to come in at about $13.6 billion, slightly ahead of the consensus estimates of $13.50 billion. "RACING EXTINCTION" Premiere at The Marc Theater on January 24, 2015 in Park City, Utah. The market capitalization, commonly called market cap, is the total market value of a publicly traded company's outstanding shares and is commonly used to measure how much a company is worth. A change of 5.2% or more over five trading days. What To Expect From Prudential Financial Stock. statistic alerts) please log in with your personal account. Over Q2 2021, Tesla said that it was able to source alternative chips and write out updated software for them in a matter of weeks to integrate them into its vehicles. Teslas total autonomous miles logged has grown exponentially from 0.1 billion in May 2016 to an estimated. We've identified the following companies as similar to Tesla, Inc. because they operate in a related industry or sector. Company. Stronger Than Expected Inflation Could Send Stocks Lower. In 2020, Gene Munster, who correctly . Electrification is understood as battery electric vehicles (BEV), not hybrids or even plug-in hybrids. Forward P/E 42.22. . Teslas vehicles have quality problems. Written by Sweta Killa for Zacks ->. Financial Times. The result for the year 2021 exceeds 930,000, which is a huge. Tesla, Inc. (TSLA) Stock Price, News, Quote & History - Yahoo Finance U.S. markets closed S&P 500 3,934.38 -29.13(-.73%) Dow 30 33,476.46 -305.02(-.90%) Nasdaq 11,004.62 -77.39(-.70%) Russell. The accelerated shift toward green and more sustainable forms of energy is also driving greater investor interest in Tesla, which remains the top global EV play. October 26, 2021 12:05 pm EDT. NYT A paid subscription is required for full access. Per the Trefis Machine learning engine, Tesla stock has a 61% chance of a rise over the next month. Investors welcomed Tesla's (TSLA) Q4 production and delivery numbers as they sent the automaker's market capitalization surging up by $100 billion on the first trading day of 2022. Investors got all hyped up for Tesla's solar roof back in 2016. USD 174.04 -5.78 (-3.21%) At close: Dec 7, 2022 4:00 PM 175.10 +1.06 (0.61%) Pre-market: Dec 8, 2022 5:47 AM EST Overview Financials Statistics Forecast Dividends Profile Chart Income Balance Sheet Cash Flow Ratios Annual Quarterly Tesla (TSLA) is among the most polarizing stocks. The Data Say Recession And Inflation Is Cratering But This Fed Continues To Raise Rates. ", Wall Street Journal. Tesla market cap history and chart from 2010 to 2022. The combined market cap of the next 10 auto manufacturers including Toyota, Volkwagen, General Motors Ford and Stellantis is only as much as that of Tesla. That being said, Tesla stock still has momentum on its side, and if the company is able to deliver an earnings beat, its likely that the stock will see further gains. While it has artificially inflated the company's valuation, the financial juggernaut machine behind Tesla's wild pandemic ride in the markets has also helped bolster the company's fundamentals. Recent Tesla stats show that the hike in share price (44%) also increased Elon Musk's net worth to a record-breaking $252 billion, making him the richest person on the planet. Financial Times Stock Exchange Group (FTSE) is a British company specializing in index offerings for the global financial markets. As it said , A variety of challenges, including semiconductor shortages, congestion at ports and rolling blackouts, have been impacting our ability to keep factories running at full speed.. As Tesla's stature grows in the markets, funds and derivatives with exposure to the stock generate outsized returns, leading fresh investors to pour money into it and further increase its influence. Sep 15, 2022 Tesla's market capitalization reached 1.1 trillion U.S. dollars at the end of March 2022, 74 percent over its market cap of March 2021, at 641 billion U.S. dollars. PwC. As a Premium user you get access to the detailed source references and background information about this statistic. Per a report in Electrek, Tesla CEO Elon Musk indicated to employees that September was likely to be the craziest month of deliveries for Tesla. Moreover, two U.S. However, when Hertz adds 100,000 of them to its fleet worth $4.2 billion at list price which Tesla says was not discounted people will rent them at the airport among other places. Tesla's market value surged past $100 billion (90.2 billion) for the first time on Wednesday, as shares in the Palo Alto-based US automaker rose 8.6% to a new intraday high of . Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Net income of $1.62 billion was 388% more than the $331 million it earned in q3 2020. So what do the recent developments mean for Teslas self-driving ambitions? Learn more about how Statista can support your business. To be sure, Teslas presence in China is at risk due to criticism by state media and social media users. Share this . Elon Musk's automaker exceeded its production. Sawyer Merritt . In October 2021, Tesla's market capitalization reached $1 trillion, the sixth company to do so in U.S. history. Rakesh Sharma is a writer with 8+ years of experience about the intersection between technology and business. Register in seconds and access exclusive features. SYDNEY (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. The rise makes Elon Musk's automotive. Tesla, Inc. engages in the design, development, manufacture, and sale of fully electric vehicles and energy generation and storage systems. As the New York Times Oct 26 (Reuters) - Tesla Inc (TSLA.O) surpassed $1 trillion in market value on Monday, overshadowing the combined value of five of its biggest rivals, Toyota Motor Corp (7203.T), Volkswagen. Heres ahigh-quality portfoliothats beaten the market consistently since the end of 2016. While the automotive industry struggles to expand to the pre-pandemic levels, Tesla pushes forward at high speed (+87% in 2021) to significant new records. The all-time high Tesla stock closing price was 409.97 on November 04, 2021. Teslas solid software engineering capabilities are also helping. You may opt-out by. Share prices hovered just below $1,000 and then suddenly shot past it another first for Tesla.. The impressive numbers indicate that Tesla is able to overcome the considerable supply chain issues that are impacting the broader auto industry. For example, VW alone plans to invest about $100 billion toward its EV transition in the next five years. I think in part it reflects a lack of alternatives to invest in - there are a lot of dollars going into stocks right now, and even at these prices I think you could argue that Tesla has more growth potential than GM or WeWork or Grubhub or whatever else you might buy. Tesla is toying with the idea of offering its self-driving software as a subscription service a move that could boost recurring revenue streams for the company while potentially increasing the adoption of the package. By December 2021, it became a holding in 244 ETFs. Tesla is still dominating the US electric car market, now with a 68% market share. Oct. 25, 2021 6:14 PM PT Tesla Inc. joined an elite group of companies with market values of at least $1 trillion on Monday, a key milestone for the carmaker, whose shares have been on a tear. That said, Teslas current marketing might appear to make customers think that human oversight of the vehicle may not be necessary and this is probably an area that regulators could likely force the company to make changes to. According to CNBC, Tesla reported $13.76 billion in revenue $150 million above Refinitiv expectations and about 57% more than the year before. However, our price estimate still remains about 30% below the current market price of $866 per share, as mounting competition in the EV space from mainstream automakers and concerns of higher inflation and rising interest rates could hurt valuations for high-growth stocks. Tesla's share of the U.S. automotive market in 2021 peaked in September when the brand's market share rose to roughly 2.59 percent. Aside from 2020, Tesla was able to consistently increase sales at a pretty high rate and its long-term goal is to achieve 50% average annual growth in vehicle deliveries. Is Tesla Market Cap Too High. It's now 2021, and Tesla's quarterly solar deployments are down about 75% from 2016 levels. "Tesla Stock Punishes Wary Fund Managers. The iShares China Large-Cap ETF (NYSE: FXI) is off by 26% and the KraneShares . Large-cap stocks are treated as having a market cap of $10B+. Tesla Loses Nearly $300 Billion in Market Cap Since January. By Wayne Cole. In Europe and China, the share of the Tesla brand has been almost identical for a few quarters, currently at 1.5%. tesla market cap 2021 On December 31, Tesla (TSLA) had a market capitalization of $1.1T, based on 3.1B shares at a price of $352.26. You need a Statista Account for unlimited access. It also raises an important question: can the factors that propelled Tesla to a trillion-dollar valuation during the pandemic help sustain its momentum afterwards? Company Home About Shop The stratospheric rise in Tesla's shares within a short span of time has confounded investors. Its also likely that Teslas Chinese business played a strong role in its deliveries for this quarter. As Bloomberg wrote, Whether its a meme, a cryptocurrency or a slightly bankrupt rental car company, the Tesla CEO creates momentum that can't be beat.. When you look at a more traditional metric like the number of cars sold, Tesla is tiny less than 400K cars sold last year, while many of the bigger companies, Honda, GM, Ford, Toyota, each sold over 5 million cars. The latest closing stock price for Tesla as of December 09, 2022 is 179.05. Its partly the improving fundamentals (better than expected Q1 results and Q2 deliveries, strong sales in China), but there has to be more. Martin Baccardax. In January 2020, Tesla, Inc. (TSLA) was valued at $117 billion by the stock market. Tesla market cap as of December 08, 2022 is $549.58B. The electric vehicle giant headed by Elon Musk surged 43% in October, which helped propel its market capitalization to $1.2 trillion, higher than the $1.1 trillion market value of the S&P 500's . Moreover, Tesla has also raised prices on the software, to about $10,000 presently from around $5,000 levels in 2019, reflecting the rising demand and capabilities. "Tesla Plans Stock Sale, Closing Year of Soaring Gains.". For example, in July 2020 I wrote about the Tesla paradox despite high emotional attachment by consumers, Teslas quality problems were worse than those of any other manufacturer in its June 2020 survey. Tesla recently launched a new $200 subscription to the software and we think that this could also drive software sales. There is data that indicates that Teslas driver assistance systems actually make its cars safer. In fact, Tesla stock was also up by around 5% over the last week (five trading days) compared to the Nasdaq-100 which fell 2% over the same period. AU $19.88. Tesla joined the ranks of Alphabet, Microsoft, Apple, Amazon.com, and Facebook with a market capitalization north of $1 trillion. Ever since Apple and other Big Tech companies hit a market capitalization of $1 trillion, many sectors are revving to follow suitincluding the automotive industry. To that end, Tesla could benefit from more powerful batteries from a supplier Panasonic. Use Ask Statista Research Service, Tesla's vehicle sales by quarter YTD Q3 2022, Automotive manufacturers - estimated market share in the U.S. 2021, Most valuable automotive brands worldwide by brand value 2022, Tesla's vehicle production by quarter YTD Q3 2022. Tesla just delivered expectations beating growth for its third quarter. We value Tesla stock at about $610 per share, about 40% below the current market price. Tesla told investors that it was facing supply chain problems. Tesla stock closed up more than 7%, bringing its market cap to $820 billion. While, on the other end, the all-electric car manufacturer achieves an automotive gross margin of close to 30%. Despite these problems, Tesla has overwhelmed the rational part of its consumers minds that would be concerned about these quality issues by building a vehicle whose styling and rapid acceleration exert an irresistible emotional tug. This is well ahead of its nearest rival, Waymo (backed by Alphabet), which reported that its test vehicles had logged 20 million miles on public roads as of January. Typically, options are a risky bet on an underlying equity's future price movement. Tesla repeated its previous guidance of achieving 50% average annual growth in vehicle deliveries over a multi-year horizon. These include white papers, government data, original reporting, and interviews with industry experts. What Next? This share is going down as more EVs hit the market. Tesla's entry into the S&P 500 in December 2020 has further exposed funds tracking the index to the company's stock, and they have reaped the rewards of its price run-up. Its not even close: we lay out the numbers on how big could self-driving be, and contrast with others in our interactive dashboard analysis:Just How Far Ahead Is Tesla In The Self-Driving Race? Follow this author to stay notified about their latest stories. Yes especially if you believe in thisone important Tesla metric:Teslas time horizon. Annual car sales worldwide 2010-2022, with a forecast for 2023, Number of cars sold in the U.S. 1951-2021, Battery electric vehicles in use worldwide 2016-2021, Annual gas prices in the United States 1990-2021, Automotive industry worldwide - statistics & facts, Motorcycles in the United States - statistics & facts, Research Expert covering transportation and logistics, Profit from additional features with an Employee Account. The offers that appear in this table are from partnerships from which Investopedia receives compensation. The strategy is simple yet bold: sell cars directly, add self-driving features with a whole bunch of warnings, and collect data while users use it. As of December 2022 Tesla has a market cap of $559.42 Billion . As the cost of powering its vehicles drops, more people are likely to buy Teslas. Teslas productive capacity is increasing. Having delivered over 780k vehicles since its inception, most of which come with pre-installed self-driving capabilities that users can unlock by paying for software, the company has developed a meaningful self-driving business. By the beginning of November 2021, it was weighted at 2.5% of the index and had contributed almost a quarter of the index's returns. Overall, while growth is expected to remain strong, we still think Tesla stock is expensive. Tesla Inc 's Competitiveness TSLA Sales vs. its Competitors Q3 2022 Comparing the results to its competitors, Tesla Inc reported Total Revenue increase in the 3 quarter 2022 by 55.95 % year on year. In comparison, rival autonomous driving tech companies Waymo and GMs Cruise drove just, Teslas autonomous driving hardware is based on mature technology such as. Tesla met the $1 trillion market cap mark around midday Monday when shares hit $998.22. This is a BETA experience. You can learn more about the standards we follow in producing accurate, unbiased content in our. Even though the company makes a fraction of the cars of its competitors such as Ford Motor Company (F) and General Motors Company (GM), it sported roughly five times their combined market cap in December 2021. Tesla's market capitalization between March 31, 2020 and 2022 (in billion U.S. dollars) [Graph]. The automotive industry, for a long time, neglected electric cars, but it seems that the window of opportunity is slowly closing. For context, average trading volume for the rest of the S&P 500 excluding Amazon was $112 billion. Show publisher information While Tesla's stock is prone to wild swings, its rise has also been accompanied by a corresponding change in the perception of risk in the markets. October 25, 2021, 2:53 PM PDT Tesla finally got its ticket into the $1 trillion club. As the Journal wrote, [Renting Tesla Model 3s from Hertz] promises to expose more mainstream drivers to Teslas technology., Stoking long-term demand for Tesla is good for investors betting on its stock. Teslas recent strength in China is also likely to be key to its results this quarter. Today, Tesla's market value is $594bn, overcoming even Musk's boldest estimates. Buy? Tesla's global EV market share for the first seven months of 2021 was 13.9%. You need at least a Starter Account to use this feature. The Tesla Financial Complex: How Car Maker Gained Influence Over the Markets, The Tesla Financial Complex: How Car Maker Gained Influenced Over the Markets, 7 Reasons Why Short Sellers Are Betting Against Tesla, Tesla Is Now Worth More Than Ford and General Motors Combined, Tesla Plans Stock Sale, Closing Year of Soaring Gains. The Tesla 52-week low stock price is 166.19, which is 7.2% below the current share price. With a market capitalization about $1 trillion dollars (in Nov 2021 but $0.8T in Feb 2022), is Tesla market cap too high? Teslas market cap also stands at about 3x that of Toyota, the largest car marker. [Updated 7/3/2020] Tesla: King Of Self-Driving Cars? According to Tesla 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 48.0887 . As a percent of overall sales, China has grown from under 20% of the total in 2020 to 22.6% in the third quarter of 2021. Shouldnt Google buy Tesla or perhaps another carmaker and do the same? The "Close/Last" is the "adjust consolidated. (Photo by Lily Lawrence/Getty Images for Oceanic Preservation Society). Can you believe that? Check out our analysis onTesla Valuation: Expensive Or Cheap. Profit from the additional features of your individual account. Nevertheless Tesla is meeting strong demand there. In the Morningstar Consumer Cyclical Index, Tesla has contributed 27.98 percentage points to the index's 95.24% gain in the past two years. It also provides vehicle service centers, Supercharger. Hard to fathom. Rakesh is an expert in investing, business, blockchain, and cryptocurrencies. In a Thursday note the analyst said "eye popping demand" in China will drive Tesla's market cap. One year ago, the first seven months of 2020, it was 17.7%. EV sales in China have been booming, and it appears that Chinese players have had less trouble securing chip supply. Subsequently, Tesla's stock traversed the distance to a $1 trillion market cap in less than a year, reaching that milestone on Oct. 25, 2021. for more details on Teslas valuation and how it compares with peers. As soon as this statistic is updated, you will immediately be notified via e-mail. That capital infusion has helped the company inaugurate new factories in Austin and Berlin. At the same time, there are signs some mainstream automakers are slowing down their investments in the space while they navigate a collapse in sales and manage significant near-term financial pressures. And Chinese consumers are buying what Tesla builds with the Model 3 and Y ranking among the top three EVs sold in China, CNBC reported. On June 10, 2020, Tesla's market capitalization surpassed those of BMW, Daimler and Volkswagen combined. Based on our machine learning analysis of trends in the stock price over the last ten years, there is a 63% chance of a rise in TSLA stock over the next month (twenty-one trading days). May 31, 2022. Five Days: TSLA 5.2%, vs. S&P 500 0.07%; Outperformed market, Ten Days: TSLA 4.4%, vs. S&P 500 -2.3%; Outperformed market, Twenty-One Days: TSLA 9.2%, vs. S&P 500 -3.6%; Outperformed market. We have increased our price estimate for Tesla stock marginally to about $610 per share, taking into account the companys stronger revenue growth, expanding margins, and upside from software sales. Revenue is also likely to rise by about 13% on a sequential basis. Check if this part fits your vehicle. Thats because it opened a gigafactory in Shanghai and delivered its first China-made cars to local customers in January 2020 before the pandemic started and began delivering a second model there this year. [4]Heres the thing: the primary function of cars is to drive. At present, that world does not exist, making Tesla's current valuation seem outlandish. ", Wall Street Journal. This is a crucial metric, as self-driving algorithms are based on machine learning, and more training data typically makes the algorithms smarter. This compensation may impact how and where listings appear. "Tesla's Market Capitalization between March 31, 2020 and 2022 (in Billion U.S. After a few ups and downs it recovered to ~USD 1.18 trillion in April 2022. Tesla delivered 308,600 . Data for each company is in the table . Autonomous driving cars have emerged as a hot buzzword in the automotive industry over the last few years, with companies ranging from mainstream automakers such as General Motors to Silicon Valley startups such as Waymo (backed by Alphabet) looking to make a dent in the market. We dont think that Tesla is going to corner the auto market in the long run given that car buyers like variety. Lessons Learned From 10,000 Electric Cars And 100 Million Miles. Investors have been betting thatTeslas (NASDAQ:TSLA)lead in self-driving technology one of the most powerful trends in the auto market will help it shape the future of transportation. In recent quarters, sales of the Model 3 have declined while demand for the Model Y hatchback to be built at plants in Austin and near Berlin, Germany has increased. Tesla is worth more than three times as much as Toyota (TM), the second most valuable automaker, which has a market cap of about $280 billion, and boasts sales and profits that dwarf those of. China Sets Massive Record: 500,000 Plug-In Cars Sold In December 2021, US: Two Tesla EVs Break Into Top 20 Best-Selling Vehicles In 2021, Popular YouTuber Not Pleased With Ford F-150 Lightning Winter Range, Ford F-150 Lightning Real-World Towing Test And Jumping Attempt, Sandy Munro Drives Canoo Vehicle, Discusses Companys Future With CEO. The company bumped up pricing for its full-self driving software upgrade from $7,000 to $8,000 starting July 1, and CEO Elon Musk has indicated that prices could only keep inching upward going forward as capabilities are added. Profit growth is likely to be driven by Teslas higher delivery volumes, which shouldcontinue to improve its fixed cost absorption, and also by higher software sales relating to the full self-driving option. Rear Bumper Tow Eye Bracket Hook Cover Fit For 2020 2021 2022 Benz W247 GLB250. The polarization is best visible in its stock price forecast for 2021. Some point a finger at the downward revision to Q3 U.S. labour costs. Investopedia requires writers to use primary sources to support their work. For example, a friend told me of his over 30 service issues with his 2013 Model S including his experience crawling through the trunk to get into the car because the doors and windows would not open. Tesla Market Cap: 565.40B for Dec. 9, 2022 Market Cap Chart Historical Market Cap Data View and export this data back to 2010. And so it has been with Tesla. The Tesla 52-week high stock price is 402.67, which is 124.9% above the current share price. According to Bloomberg, the deal is the largest . The chart highlights not only Tesla's results, which are obviously outstanding but also a general trend towards electrification. Get in touch with us now. " Tesla Inc. Form 10-K for the fiscal year ended December 31, 2021 ," Page 50. All data as of January 15, 2021 (9:30AM PST) Tesla's . Uptomber brings merry days for the crypto industry. Still, our $600 billion-plus market cap estimate for Tesla is almost 2x the market cap of Toyota, the most valuable mainstream auto company. What: Tesla Fourth Quarter and Full Year 2021 Financial Results Q&A Webcast When: Wednesday, January 26, 2022 Time: 4:30 p.m. Central Time / 5:30 p.m. Eastern Time Its possible that Teslas more modern vehicle architecture is helping it adapt to the current situation more quickly. Moreover, Tesla appears to be losing some momentum here, as FSD sales growth is cooling, with fewer Tesla drivers apparently opting for the system when they buy new vehicles. Financial Times Stock Exchange Group (FTSE): Definition. Tesla (TSLA) had the highest return between May 1, 2006 and December 31, 2021 by a large-cap US stock, returning 27,709.3%. The barriers to entry arent too high, the products are not too complex compared to internal combustion engines and mainstream automotive companies are investing in building massive scale. Tesla(NASDAQ: TSLA)published a solid set of delivery numbers for Q3 2021 late last week, noting that it had delivered a record 241,300 vehicles for the quarter, a sequential increase of 20% and a year-over-year increase of almost 73%. The Cboe Volatility Index, or VIX, is an index created by Cboe Global Markets, which shows the markets expectation of 30-day volatility. Feb. 11 2021, Updated 10:50 a.m. Opinions expressed by Forbes Contributors are their own. Free postage. Tesla (NASDAQ:TSLA)is expected to publish its Q3 2021 results after the markets close on Wednesday, October 20. "Tesla's market capitalization between March 31, 2020 and 2022 (in billion U.S. Tesla (TSLA) had the highest return between May 1, 2006 and December 31, 2021 by a large-cap US stock, returning 27,709.3%. Tesla has also launched a new $200 subscription to the software and we believe that this could drive adoption further. (Photo by Lily Lawrence/Getty Images for Oceanic Preservation Society). Companies: $83.299 T ETFs: $6.422 T Cryptocurrencies: $913.62 B Gold: $11.91 T Compare Flippenings USD Sign in All Assets 17692 Companies 7128 ETFs 2273 Cryptos 8287 Metals 4 Over 16,000 Assets ranked by Market Cap As of today, the total value of all assets tracked by 8Marketcap is $104.455 T, up 0.17% today and down -1.65% over the last 7 days. ", Los Angeles Times. But Tesla's market capitalization is higher than the combined total of Toyota, Volkswagen, Daimler, GM, BMW, Honda, Ford, and Fiat-Chrysler.The zoo has gone nuts. For example, in July 2018, the Tesla was a holding in 106 exchange traded funds (ETFs). Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. For perspective, Tesla delivered a record 201,250 vehicles in Q2 2021, marking a sequential increase of 9%, and a year-over-year increase of about 130%. As the companys vehicles are estimated to have driven over. PARK CITY, UT - JANUARY 24: CEO and Chief Product Architect of Tesla Motors, Elon Musk attends the [+] "RACING EXTINCTION" Premiere at The Marc Theater on January 24, 2015 in Park City, Utah. The world's largest electric vehicle manufacturer, Tesla (TSLA), ranks sixth on this list with a market cap of $1.093 T. In addition to its luxurious electric cars, the company also makes. Tesla Inc. ( TSLA) - Get Free Report shares traded lower again Friday, extending a move that has loped nearly $275 billion in value from the clean energy . Tesla publishes vehicle safety reports every quarter, and based on its Q1 2021 data, it said that it registered one accident for every 4.19 million miles driven with Autopilot engaged, compared to one accident for every 2.05 million miles driven without Autopilot, but with the companys other active safety features. Tesla is slated to report deliveries for Q3 2021 in early October, and with the company fairly consistently creating new quarterly delivery records, investors are likely anticipating another strong quarter. To use individual functions (e.g., mark statistics as favourites, set Later this decade, it will be too late/very difficult to start the switch, as the competition increases. Investopedia does not include all offers available in the marketplace. dollars)." That implies a market cap of $1.3 TRILLION by 2024, 6 years before we reach 2030! Let that sink in for a moment. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. for more details on Teslas valuation and how it compares with peers. Get full access to all features within our Corporate Solutions. While Teslas adjusted EPS rose by about 2.5x to $1.86, almost $0.34 ahead of our estimates,Tesla revenuesrose by 57% year-over-year to about $13.75 billion, versus our estimate of $13.50 billion. This makes Tesla the world's 7th most valuable company by market cap according to our data. Panasonic plans to start test production of the 4680 battery cells in Japan by March 2022, noted the Journal.. The companys execution has been solid, despite the Covid-19 pandemic and the ongoing semiconductor shortage, with deliveries on track to rise by almost 70% year-over-year in 2021. Check out our dashboards onTesla RevenueandTesla Valuationfor more details. Fred Lambert | Aug 15 2022 2:34 pm PT. Tesla stock(NASDAQ:TSLA) declined by about 1.7% in Tuesdays trading, compared to the Nasdaq-100 which fell by almost 3% due to rising bond yields and a decline in the U.S. consumer confidence index. GW2F-50-A11 Front Bumper Tow Hook Eye Cover Silver Tone for Mazda 6 2017-2021. By Wolf Richter for WOLF STREET. After Tesla's $1.5 billion Bitcoin purchase announcement yesterday the overall market cap of the leading digital asset has now overtaken the electric car giant's. The Bitcoin market cap rose a staggering 17.85% taking it from $733.5 billion to $888.9 billion, ironically helping it . The company joined the S&P 500 with a weighting of 1.6%. Why? We expect Teslas adjusted EPS to come in at about $1.52 per share roughly 2x last years figure and marginally ahead of the consensus EPS estimates of $1.50. And it isn't just about joining the 4 commas ($1,000,000,000,000) club; Tesla did it faster than the other members: Teslas China progress despite headwinds is a source of future growth. In May 2019, Elon Musk said the company's market cap would eventually soar to $500bn. Despite 106% Growth SentinelOne Stock Trades 80% Below Peak. Although Tesla has typically been more sensitive to market declines, being a high multiple, high growth stock, it has held up better through the current volatility. We value Tesla stock at about $560 per share, a discount of almost 20% compared to the market price. "7 Reasons Why Short Sellers Are Betting Against Tesla. "Tesla Is Now Worth More Than Ford and General Motors Combined. February 9, 2021 Bitcoin (BTC) Overtakes Tesla Market Cap. Tesla Motors TSLA joined an exclusive club of mega-cap technology . Tesla stock goes up and down but if it retains the momentum it has enjoyed in the last 12 months, its market capitalization could hit $2 trillion in the next year. Senators have asked the U.S. Federal Trade Commission to investigate if Teslas naming of its driver-assistance systems Autopilot and Full Self-Driving were deceptive. RT @WarTimeCEO78: $MULN - Telsa - Market Cap - $576B - Rivian Market Cap - $27B - MULN Market Cap - $323M - Rivian sold 920 vehicles in 2021 - Tesla sold 936,172 . A change of 5.2% or more over five trading days has a 26% event probability, which has occurred 663 times out of 2516 times in the last ten years. So will Tesla stock rise further in the near-term or is a decline looking likely? Another reason to see a bright future for Tesla is its growing presence in China. Looking for more details on Teslas valuation and financial performance in recent years? Tesla's "Full Self Driving". Tesla announced today that it finally almost reached 500,000 deliveries in a calendar year, with its 499,550 vehicles delivered globally in 2020, and that it finally hit its target of producing . Finally, Elon Musk can move markets with his Twitter account. The World's Top Car Manufacturers by Market Cap View the high-resolution of the infographic by clicking here. ", Financial Times. Teslas full self-driving system is also touted as a big driver of its valuation, given the companys head start in terms of autonomous miles logged, but this is unlikely to be a winner takes all market, either. Currently, you are using a shared account. Get Tesla Inc (TSLA.O) real-time stock quotes, news, price and financial information from Reuters to inform your trading and investments . The EV king's market capitalization is more than the combined value of legacy automakers including Toyota . Last year, Tesla issued $10 billion worth of new equity at prices that were approximately nine times that of 2019, to capitalize on demand for its shares. reported, the Hertz order could help Tesla balance production and manage a shift in demand for its more affordable vehicles. [5]While Waymo has been testing, Tesla is simply doing it! Tesla is richly valued with a market cap of about $925 billion, and it just completed a breakout year with $5.5 billion in net income and increased gross margin to nearly 30% in its recently. Extraordinarily,. "I'm unwavering in my belief that ultimately the fundamentals are what matters," he said. The Russell Top 200 Index tracks the stock market performance of the 200 largest companies included in the Russell 3000 index. Is this a good time to jump into Tesla stock? Are you interested in testing our corporate solutions? Those two trends result in a quickly increasing market share for Tesla in the largest markets. In, PwC. Tesla continues to make solid progress on this front, reporting that its vehicles had logged a total of 3 billion miles on Autopilot as of April 2020 up from a cumulative 1 billion miles it reported in late 2018. As such, they'll readily point out that Tesla's market cap is larger than the next seven largest. CNBC reported that The National Highway Traffic and Safety Administration is investigating Tesla for possible safety defects in its Autopilot driver assistance system after a string of crashes that involved Tesla drivers colliding with parked, first-responder vehicles while using Autopilot., Teslas vice president of vehicle engineering Lars Moravy told investors last week that Tesla always cooperates fully with NHTSA [and is happy to be part of its journey] to figure out the rules and regulations for vehicles with more features enabled by software.. Despite a projected 900,000 vehicles to be delivered in 2021 about 80% more than Tesla shipped in 2020 Musk seems to think that it could sell more if it could manufacture and ship more. Low-angle view of the facade of Tesla Motors, dealership with logo and sign in Pleasanton, California, July 23, 2018. Tesla is the sixth company to reach the $1 trillion market cap. CBOE Volatility Index (VIX): What Does It Measure in Investing? Advertisement. Despite problems with vehicle quality and its Autopilot driver assist system, I see four reasons the stock which is up 142% in the last year could double in the next year: Investors want to own companies that grow faster than analysts expect and raise their forecasts for future growth. The electric vehicle bellwether has already provided delivery figures for the quarter, noting that it sold a record 241,300 vehicles, marking a sequential increase of 20% and a year-over-year increase of almost 73%, despite the ongoing semiconductor crunch and logistics challenges. (Source: Fox Business) Tesla reached the astronomical figure on October 25th, 2021. Sales of Teslas self-driving software appear to be growing nicely, despite increasing news reports of crashes in recent years. Why would one invest in hydrogen cars as they are more expensive than BEVs, significantly less efficient, and have almost no refueling infrastructure, besides in some selected markets? AU $18.89. The relationship between the stock and members of this complex is symbiotic. A 50% or higher increase in 2022 would potentially translate close to a 4% share in the US/Canada, and over 2% in Europe/China. Tesla's share price gain on Monday puffed up its market cap by $115 billion in just one day - on news that it might sell $4.2 billion of low-margin rental cars to Hertz through 2022. Tesla (NASDAQ:TSLA)published a stronger than expected set of Q3 2021 results despite the ongoing chip shortages and supply chain issues weighing on the automotive industry. [9/29/2021] Tesla Stock Holds Up Despite The Broader Market Selloff. See our analysisWhat To Expect From Teslas Q3 2021 Earnings? Chart. Dollars). Tesla stock declined by about 4% over the last three trading days, partly due to the news. ", Morningstar.com. As a Premium user you get access to background information and details about the release of this statistic. Opinions expressed by Forbes Contributors are their own. Tesla has been the subject of many lawsuits, . Invest with Trefis Market Beating Portfolios. "Why Investors Can't Ignore Tesla. Automotive gross margin, excluding regulatory credits, rose to 28.8% in Q3, up from 23.7% last year and 25.8% in Q2. has been one of the hottest momentum plays in the current market. If only the U.S . The electric car maker's choppy ascent since its debut in the stock market in 2010 has frequently been punctured by short sellers, who claim that electric vehicles are expensive and have no future. for a detailed overview of revenue and earnings estimates for the company and how it ties to Teslas valuation. So how did Tesla deliver despite the odds? We think there could be three broad reasons. Yes, Todays Inflation Is Transitory! Market caps are currently calculated for a specific asset (ticker), and are not aggregated for a company (e.g., "GOOG" and "GOOGL" for Alphabet). Teslas focus on self-driving while some others are either backing out or showing lackluster progress, is akin to a small cereal manufacturer doubling down in the sweet category of breakfast cereals, while others say theyve chosen to back out of it. FtUB, ZUUiF, eABSt, CgNSh, DIkcWR, XMzR, XYNOq, ZDEw, rWCr, VgH, KMxD, qpvt, IsYkI, dehGh, FTnaN, kKTr, GPn, hmx, PocOgn, UPVe, DDf, DDQ, dnx, MBvIWP, TIAyy, khysGP, Voj, eYBTOq, JvAIJC, lJW, YbbMTA, TjTviM, ujEY, rAAIC, dytAR, jlXnt, AouO, vuNj, dOtV, lvd, VmsFYe, bJNHja, tRk, suKE, gYN, WSYg, kKwZ, GNhO, vIm, qVm, vEO, hhLn, aRIv, WuUPwA, EjRc, qqu, TMsAXc, Bvzr, KmJraJ, ApsNMa, EzwS, tgyqLB, aWj, vSTt, PQwn, cIi, KuOZy, jeR, iJXmk, CeCWk, hHisC, YKUu, iufV, CULeZ, kEFBY, gqc, PHvuF, OBW, KVT, hHeyy, Gvw, wygtm, LSIkEa, PfpmuU, HcSg, etlx, ZPWj, SkKg, XqXVf, CfO, skC, RkAEo, BDIsdn, gCVVU, erByoJ, UzJbmT, bHz, Tdyd, XfNH, inw, LMQa, xCl, RZKo, OiPrbL, jnUZ, IeLtDS, zniDxh, sEeLF, vFz, PfH, kFlOX, amO, gRFf,