Tesla Stock's Towering AI Valuation Is Detached From Reality [Yahoo! Finance Canada]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Yahoo! Finance Canada
Trouble is, the stock already trades at levels that assume the company has cracked that code, and then some. Most Read from Bloomberg The electric vehicle maker's shares are considerably more expensive than those of Nvidia Corp. and Microsoft Corp. — two mega-cap companies widely seen as AI pioneers. Yet, while earnings estimates for both these tech giants are rising, for Tesla they are plummeting — because EV demand is slowing. ADVERTISEMENT “Musk has always wanted Tesla to be viewed as more than an EV maker, but that works when there is growth in the core business,” said David Mazza, chief executive officer at Roundhill Investments. “When your core business is declining, that narrative is a lot harder, which is why I think the multiple right now is detached from reality, and the stock is not cheap despite coming down a lot this year.” Tesla's stock trades at 63 times forward earnings, compared to Nvidia's 33 and Microsoft's 30. And as analysts' expectations about Tesla's p
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TSLA
Earnings
- 4/23/24 - Beat
TSLA
Sec Filings
- 5/17/24 - Form DEFA14A
- 5/16/24 - Form DEFA14A
- 5/13/24 - Form DEFA14A
- TSLA's page on the SEC website