It has annual revenues of $53.82 billion and income of $5.52 billion. 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. Are Bank Stocks Sending A Market Warning? This is a BETA experience. Financial Times. Tesla Loses Nearly $300 Billion in Market Cap Since January. You need a Statista Account for unlimited access. Teslas total autonomous miles logged has grown exponentially from 0.1 billion in May 2016 to an estimated. Tesla will be a $1 trillion company by the end of 2021, says Wedbush analyst Dan Ives. Tesla met the $1 trillion market cap mark around midday Monday when shares hit $998.22. With a market capitalization about $1 trillion dollars (in Nov 2021 but $0.8T in Feb 2022), is Tesla market cap too high? "The Tesla Financial Complex: How Car Maker Gained Influenced Over the Markets. Hard to fathom. 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). " Tesla Inc. Form 10-K for the fiscal year ended December 31, 2021 ," Page 50. Those two trends result in a quickly increasing market share for Tesla in the largest markets. We've identified the following companies as similar to Tesla, Inc. because they operate in a related industry or sector. Average trading volume in Tesla options exceeds that in S&P 500 options. Is Tesla Market Cap Too High. 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. 16:56, 26 October 2021. share_this_article. Per the Trefis Machine learning engine, Tesla stock has a 61% chance of a rise over the next month. Tesla Market Cap: 565.40B for Dec. 9, 2022 Market Cap Chart Historical Market Cap Data View and export this data back to 2010. Access to this and all other statistics on 80,000 topics from, Show sources information 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. reported, the Hertz order could help Tesla balance production and manage a shift in demand for its more affordable vehicles. . 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. Facebook, meanwhile, closed the day with a $763 billion market cap. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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.. SYDNEY (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. Over 2018, Tesla likely logged about 500 million self-driving miles across all geographies. ", Wall Street Journal. We think there could be three broad reasons. The S&P 500 Pure Value Index is a market-cap-weighted index comprised of stocks within the S&P 500 Index exhibiting strong value characteristics. See our analysisTesla Valuation: Is TSLA Stock Expensive Or Cheap? 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. This makes Tesla the world's 7th most valuable company by market cap according to our data. TSLA In Europe and China, the share of the Tesla brand has been almost identical for a few quarters, currently at 1.5%. 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. For context, average trading volume for the rest of the S&P 500 excluding Amazon was $112 billion. Musks ability to move the market for Bitcoin and Dogecoin with his tweets helps strengthen the emotional kick that his social media followers get from driving up the value of Tesla stock. 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. What To Expect From Prudential Financial Stock. On June 10, 2020, Tesla's market capitalization surpassed those of BMW, Daimler and Volkswagen combined. The Pundits Have It Wrong. However, for the time being, Teslas problem is making and delivering enough vehicles to satisfy the demand it already has, As Tesla CEO Elon Musk whose $255 billion net worth, according to Forbes, falls $27 billion short of Toyotas entire market capitalization tweeted on October 25, Wild $T1mes!. Teslas solid software engineering capabilities are also helping. [3]This is probably something mass-market automakers cant do so easily. GW2F-50-A11 Front Bumper Tow Hook Eye Cover Silver Tone for Mazda 6 2017-2021. Overall, while growth is expected to remain strong, we still think Tesla stock is expensive. Correct, Tesla sold a fraction of the cars sold by many of the other car companies and is more valuable than all of them. Investopedia requires writers to use primary sources to support their work. What if youre looking for a more balanced portfolio instead? Fred Lambert | Aug 15 2022 2:34 pm PT. For the year, the S&P 500 cash index is lower by nearly 17% (3,970). Tesla's "Full Self Driving". Sales of Teslas self-driving software appear to be growing nicely, despite increasing news reports of crashes in recent years. The company reports - using industry data about market results - that its share in US/Canada. Tesla, Inc. engages in the design, development, manufacture, and sale of fully electric vehicles and energy generation and storage systems. The pandemic changed that calculus. 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. For example, VW alone plans to invest about $100 billion toward its EV transition in the next five years. Tesla. We expect revenues to come in at about $13.6 billion, slightly ahead of the consensus estimates of $13.50 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. The impressive numbers indicate that Tesla is able to overcome the considerable supply chain issues that are impacting the broader auto industry. 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. At the end of 2021 the company had a P/E ratio of 190 . Follow this author to stay notified about their latest stories. After a few ups and downs it recovered to ~USD 1.18 trillion in April 2022. The Tesla 52-week low stock price is 166.19, which is 7.2% below the current share price. 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. Some point a finger at the downward revision to Q3 U.S. labour costs. Tesla stock has had a stellar run this year rising by about 38% to $1,000, taking the companys market cap past the exclusive $1 trillion mark. TESLA, INC. . On the flip side, for a more balanced, risk-adjusted view see our analysisTesla Valuation: Jump Into Tesla, Wait, Or Get Out? That implies a market cap of $1.3 TRILLION by 2024, 6 years before we reach 2030! The all-time high Tesla stock closing price was 409.97 on November 04, 2021. The latest closing stock price for Tesla as of December 09, 2022 is 179.05. Rakesh Sharma is a writer with 8+ years of experience about the intersection between technology and business. The Tesla 52-week high stock price is 402.67, which is 124.9% above the current share price. You need at least a Starter Account to use this feature. We also reference original research from other reputable publishers where appropriate. Teslas vehicles have quality problems. To use individual functions (e.g., mark statistics as favourites, set 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%. 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. (Photo by Smith Collection/Gado/Getty Images). All data as of January 15, 2021 (9:30AM PST) Tesla's . A similar story played out in the Russell 1000, where Tesla accounted for 4% of the overall weighting in November. Those two trends result in a quickly increasing market share for Tesla in the largest markets. 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. Teslas productive capacity is increasing. October 26, 2021 12:05 pm EDT. That capital infusion has helped the company inaugurate new factories in Austin and Berlin. And it isn't just about joining the 4 commas ($1,000,000,000,000) club; Tesla did it faster than the other members: The stock is also up by about 9% over the last month. 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. Uptomber brings merry days for the crypto industry. 2021 2020 2019; Cash . The company's reliance on bonds, which require regular payments, has lessened. Tesla told investors that it was facing supply chain problems. As the New York Times You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. The companies that are still into hydrogen to this very day appear to be disconnected from reality the most. 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. Tesla stock has largely held up despite the broader market sell-off over the last month, returning about 4%, compared to the S&P 500 which was down by close to 4%. 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. In January 2020, Tesla, Inc. (TSLA) was valued at $117 billion by the stock market. Yes especially if you believe in thisone important Tesla metric:Teslas time horizon. Its also likely that Teslas Chinese business played a strong role in its deliveries for this quarter. for more details on Teslas valuation and how it compares with peers. [5]While Waymo has been testing, Tesla is simply doing it! statistic alerts) please log in with your personal account. Dollars). As a Premium user you get access to the detailed source references and background information about this statistic. for a detailed overview of revenue and earnings estimates for the company and how it ties to Teslas valuation. Now, is Tesla stock poised to grow? 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. has been one of the hottest momentum plays in the current market. Market capitalization (or market value) is the most commonly used method of measuring the size of a publicly traded company and is calculated by multiplying the current stock price by the number of shares outstanding. 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 . Tesla is the 6th American company to have achieved this feat, after Apple, Microsoft, Amazon, Alphabet, and Meta. If you are an admin, please authenticate by logging in again. Check out our dashboards onTesla RevenueandTesla Valuationfor more details. Opinions expressed by Forbes Contributors are their own. You may opt-out by. To that end, Tesla could benefit from more powerful batteries from a supplier Panasonic. In October 2021, Tesla's market capitalization reached $1 trillion, the sixth company to do so in U.S. history. Investors are likely betting that the disruption caused by Covid-19 could solidify Teslas position as the leading electric and autonomous driving play two separate, and perhaps the most powerful trends in the auto industry. You can learn more about the standards we follow in producing accurate, unbiased content in our. [9/29/2021] Tesla Stock Holds Up Despite The Broader Market Selloff. During times of excess, fundamentals take a backseat. According to Tesla 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 48.0887 . While, on the other end, the all-electric car manufacturer achieves an automotive gross margin of close to 30%. Home About Shop . Shares Outstanding . dollars)." That said, the ongoing supply chain issues and the planned opening of the Texas and Berlin production facilities in the coming months could put some pressure on Teslas costs. 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. Get Tesla Inc (TSLA.O) real-time stock quotes, news, price and financial information from Reuters to inform your trading and investments . 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. Martin Baccardax. AU $19.88. 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. As such, they'll readily point out that Tesla's market cap is larger than the next seven largest. 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. Tesla stock declined by about 4% over the last three trading days, partly due to the news. Are you interested in testing our corporate solutions? 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 . 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. 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. Shouldnt Google buy Tesla or perhaps another carmaker and do the same? The polarization is best visible in its stock price forecast for 2021. 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. 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. The sales growth was above Tesla Inc 's competitors average revenue growth of 42.79 %, recorded in the same quarter. It also provides vehicle service centers, Supercharger. Learn more about how Statista can support your business. 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 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. 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. Tesla (TSLA) had the highest return between May 1, 2006 and December 31, 2021 by a large-cap US stock, returning 27,709.3%. Teslas margins have also been trending steadily higher. 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. According to a recent report by investment firm Goldman Sachs, the nominal trading value of Tesla options averaged $241 billion a day in recent weeks. The "Close/Last" is the "adjust consolidated. Stock retreats amid bleak China data, weakness in tech stocks . Accident data compared over the last three years, in terms of total miles driven with Autopilot engaged, has also been on the decline. 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. Back then, this figure stood at under $45bn, with analysts remaining sceptical on the business' future. Teslas market capitalization topped $1 trillion after Hertz announced a contract to buy 100,000 Tesla vehicles for its rental fleet, reports the Wall Street Journal. Strange that [the Hertz order] moved valuation, as Tesla is very much a production ramp problem, not a demand problem.. Tesla had the most delusive market cap which hit USD1 trillion for the first time in October, 2021, and went beyond. October 25, 2021, 2:53 PM PDT Tesla finally got its ticket into the $1 trillion club. For example, in July 2018, the Tesla was a holding in 106 exchange traded funds (ETFs). Online retail behemoth Amazon.com, Inc. (AMZN) was a distant second with a contribution of 16.92 points. One year ago, the first seven months of 2020, it was 17.7%. 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. Tesla market cap as of December 08, 2022 is $549.58B. Currently, you are using a shared account. The rise makes Elon Musk's automotive. This is a crucial metric, as self-driving algorithms are based on machine learning, and more training data typically makes the algorithms smarter. Market caps are currently calculated for a specific asset (ticker), and are not aggregated for a company (e.g., "GOOG" and "GOOGL" for Alphabet). News that Hertz ordered 100,000 vehicles to build out its electric vehicle rental fleet by the end of 2022 pushed Tesla to the $1 trillion market cap threshold. (see update below) So how are Teslas quarterly results expected to trend? See our analysisTesla Chance of Risefor more details. Electrification is understood as battery electric vehicles (BEV), not hybrids or even plug-in hybrids. 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. Tesla has been the subject of many lawsuits, . 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. Much of the heft in Tesla's valuation (and associated financial products) comes from the promise of a future dominated by electric vehicles. AU $18.89. "The Tesla Financial Complex: How Car Maker Gained Influence Over the Markets. At present, that world does not exist, making Tesla's current valuation seem outlandish. As the cost of powering its vehicles drops, more people are likely to buy Teslas. Rakesh is an expert in investing, business, blockchain, and cryptocurrencies. These include white papers, government data, original reporting, and interviews with industry experts. If only the U.S . 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. 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. (Photo by Lily Lawrence/Getty Images for Oceanic Preservation Society). So will Tesla stock rise further in the near-term or is a decline looking likely? Summary. Sawyer Merritt . As soon as this statistic is updated, you will immediately be notified via e-mail. The Russell Top 200 Index tracks the stock market performance of the 200 largest companies included in the Russell 3000 index. Market Cap 572.18B. While retail investors (and CEO Elon Musks tweets) have played a major role in Tesla's ascent, at the heart of the electric car maker's meteoric rise lies what the Financial Times terms a "Tesla financial complex." 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. This would mark an increase of 54.5% compared to last year. Should you buy Tesla stock? Tesla Motors TSLA joined an exclusive club of mega-cap technology . 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. Get full access to all features within our Corporate Solutions. Net income of $1.62 billion was 388% more than the $331 million it earned in q3 2020. With an $825 billion market cap, many people only look at Tesla as an automaker. 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. PwC. 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. Upgrade now. Financial Times Stock Exchange Group (FTSE) is a British company specializing in index offerings for the global financial markets. By the end of the year, that figure had skyrocketed to $658.39 billion.. Show publisher information Investopedia does not include all offers available in the marketplace. For instance, BMW and Mercedes-Benz announced that they will end their automated driving alliance, for now, citing current business and economic conditions, among other factors. See our analysisWhat To Expect From Teslas Q3 2021 Earnings? "Why Investors Can't Ignore Tesla. Intensifying debate about climate change coupled with the current administration's green subsidy push and record delivery numbers (although they still lag those of established car manufacturers by a wide margin) have helped push Tesla past the $1 trillion mark. 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). Get in touch with us now. The leverage risk, inherent in most options, is reflected in a stock's price volatility. 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 . Published December 02, 2021 In January 2020, Tesla, Inc. ( TSLA) was valued at $117 billion by the stock market. 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 . ", 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. Company. 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. 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. Mar 5, 2021 7:01 AM EST. 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. Looking for more details on Teslas valuation and financial performance in recent years? As CNBC wrote, about 49% of Teslas U.S. revenues $3.11 billion of $6.41 billion came from China. "Tesla's market capitalization between March 31, 2020 and 2022 (in billion U.S. According to the Wall Street Journal Panasonic recently demonstrated a new 4680 battery for Tesla electric vehicles which is larger than 1865 and 2170 models currently used in Tesla cars., In July Musk shared his enthusiasm for this battery, saying, From a physics standpoint, this is the best architecture, and from an economic standpoint, it is the lowest-cost way to go., Nevertheless, Musk pointed out that it is more difficult to build the 4680 at production scale. 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. Tesla joins Apple, Amazon, and Microsoft in the trillion-dollar market cap club. February 9, 2021 Bitcoin (BTC) Overtakes Tesla Market Cap. Chart. 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 joined the ranks of Alphabet, Microsoft, Apple, Amazon.com, and Facebook with a market capitalization north of $1 trillion. 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. A change of 5.2% or more over five trading days. Opinions expressed by Forbes Contributors are their own. Finally, Elon Musk can move markets with his Twitter account. Written by Sweta Killa for Zacks ->. ", Financial Times. Is Rivian Build Quality Getting Worse As Production Ramps Up? 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. So how did Tesla deliver despite the odds? 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. 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. Buy? 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 . (Source: Fox Business) Tesla reached the astronomical figure on October 25th, 2021. Elon Musk's automaker exceeded its production. [10/21/2021] Is Teslas Stock Still Overvalued After Its Q3 Results? [Updated 7/3/2020] Tesla: King Of Self-Driving Cars? 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. AU $21.40. That said, its possible that Tesla could see some pressure due to the ongoing component supply crunch and rising logistics costs. Check out our analysis onTesla Valuation: Expensive Or Cheap. 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. 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. Extraordinarily,. "Global market value of carmakers as of October 26, 2021 by market cap." Securities and Exchange Commission. We value Tesla stock at about $610 per share, about 40% below the current market price. ", Wall Street Journal. 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. "Tesla Stock Punishes Wary Fund Managers. 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 Chinese stock market is having a rough 2022. Tesla stock(NASDAQ: TSLA) is up over 150% year-to-date, with its market cap crossing $200 billion. However, electric vehicle pioneerTesla(NASDAQ: TSLA) appears to have a sizable early lead in this space both in terms of autonomous miles driven as well as monetization of its self-driving technology. As a Premium user you get access to background information and details about the release of this statistic. 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. 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? What Next? Tesla has also launched a new $200 subscription to the software and we believe that this could drive adoption further. 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. Is this a good time to jump into Tesla stock? Tesla is the sixth company to reach the $1 trillion market cap. . The World's Top Car Manufacturers by Market Cap View the high-resolution of the infographic by clicking here. Tesla 's production and sales results in the fourth quarter of 2021 reached another all-time high level of over 300,000 units. to incorporate the statistic into your presentation at any time. 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? In, PwC. [8/19/2021] How Will Teslas Autopilot Investigation Impact Its Stock? Tesla [4]Heres the thing: the primary function of cars is to drive. If mainstream players eventually deliver compelling EVs that are well-received with customers, it could change the narrative around the auto majors, and potentially hurt the valuation of pure-play EV players such as Tesla. Company Home About Shop 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. 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. But, the decline . Rear Bumper Tow Eye Bracket Hook Cover Fit For 2020 2021 2022 Benz W247 GLB250. Advertisement. 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 Panasonic plans to start test production of the 4680 battery cells in Japan by March 2022, noted the Journal.. 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. By December 2021, it became a holding in 244 ETFs. 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. 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. At its current price of roughly $840 per share, the stock trades at around 155x consensus 2021 earnings and about 16.5x 2021 revenues. For example, Chinas premium EV players Nio and Li Auto posted 100% and 190% year-over-year growth respectively over Q3 2021. Tesla now has a big presence in China, with its Shanghai facility accounting for over 40% of its total current production capacity. "Tesla Plans Stock Sale, Closing Year of Soaring Gains.". Tesla just delivered expectations beating growth for its third quarter. Why? Although Tesla doesnt break out software sales, the companys automotive gross margins have been trending steadily higher (25.8% in Q2, up from just 18.7% last year) indicating attach rates for software, which is typically very high margin, are likely rising. Teslas recent strength in China is also likely to be key to its results this quarter. According to Bloomberg, the deal is the largest . The offers that appear in this table are from partnerships from which Investopedia receives compensation. Nevertheless Tesla is meeting strong demand there. Let that sink in for a moment. [2]This puts the company in a better position to secure supply, as semiconductor companies could prioritize higher value players. 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 chart highlights not only Tesla's results, which are obviously outstanding but also a general trend towards electrification. 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 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. 6 ETFs to Ride on Tesla's Trillion-Dollar Market Cap. In this analysis, we compare Teslas miles logged with rivals and size up the near-term revenue potential for its autonomous driving software. Tesla also appears to be more confident about the capabilities of its system. Tesla's global EV market share for the first seven months of 2021 was 13.9%. ET. 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. 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. As of December 2022 Tesla has a market cap of $559.42 Billion . 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. 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. 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. "RACING EXTINCTION" Premiere at The Marc Theater on January 24, 2015 in Park City, Utah. Another reason to see a bright future for Tesla is its growing presence in China. A Look at Tesla's Market Cap and Market Share Tesla's market cap is just over $1 trillion (April 2022). NYT First, Tesla crossed the trillion-dollar market cap on 21 Oct 2021. Lessons Learned From 10,000 Electric Cars And 100 Million Miles. 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. 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. Stronger Than Expected Inflation Could Send Stocks Lower. 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. By Wolf Richter for WOLF STREET. TSLA Nasdaq Stock Market NLS real time price CURRENCY IN USD Automobiles & Auto Parts. 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. Register in seconds and access exclusive features. Statista. Check if this part fits your vehicle. Revenue is also likely to rise by about 13% on a sequential basis. A paid subscription is required for full access. 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. That said, I'm dubious about Tesla's market cap. Please create an employee account to be able to mark statistics as favorites. The financial complex has helped Tesla finance the next round of its evolution as a major car manufacturer. Once they become operational, along with its factories in Fremont and Shanghai, the company should kickstart into high gear with its vehicle delivery. 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. The company joined the S&P 500 with a weighting of 1.6%. Typically, options are a risky bet on an underlying equity's future price movement. 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. Will Tesla (TSLA) Reach a Trillion-Dollar Valuation Again? Asking for a friend. 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. 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. 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. "I'm unwavering in my belief that ultimately the fundamentals are what matters," he said. 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. Moreover, two U.S. 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. 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? 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. 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%. [10/7/2021] How Did Tesla Post Record Q3 Deliveries Despite The Chip Shortage? We think this is excessive for a couple of reasons. The market at press time retraced a market cap o Green Cardano Could Rise ADA Price As High As $10, But When? CBOE Volatility Index (VIX): What Does It Measure in Investing? Profit from the additional features of your individual account. The EV king's market capitalization is more than the combined value of legacy automakers including Toyota . The result for the year 2021 exceeds 930,000, which is a huge. See our analysis onTesla Chance of Risefor more details. ", Morningstar.com. "Tesla's Market Capitalization between March 31, 2020 and 2022 (in Billion U.S. Tesla market cap history and chart from 2010 to 2022. Investors got all hyped up for Tesla's solar roof back in 2016. (Photo by Lily Lawrence/Getty Images for Oceanic Preservation Society). 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. for more details on Teslas valuation and how it compares with peers. The company reports - using industry data about market results - that its share in US/Canada improved in Q4 2021 to over 2.25%. 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. + AU $5.43 postage. Tesla is also confident of growing deliveries at a rate over 50% each year over a multi-year period as it expands vehicle production facilities in Berlin, Texas, and Shanghai, and launches new models. You can only download this statistic as a Premium user. Market Cap. EV sales in China have been booming, and it appears that Chinese players have had less trouble securing chip supply. As the companys vehicles are estimated to have driven over. 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. 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. How does Tesla's Market Cap benchmark against competitors? Dec 2013 Dec 2015 Dec 2017 Dec 2019 Dec 2021 400 B 800 B 1,200 B Performance Summary Tesla's market cap is $567.8 billion. Its partly the improving fundamentals (better than expected Q1 results and Q2 deliveries, strong sales in China), but there has to be more. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Accessed December 12, 2022. https://www.statista.com/statistics/1256537/market-capitalization-of-tesla/, PwC. ", Visual Capitalist. 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