like Tesla's long-awaited"full self-driving" mode could help the company realize profits unheard of in the car business, justifying its currently outsized valuation.
There's a final factor that can't be overlooked: outspoken chief executive Elon Musk. The eccentric, meme-loving mogul has inspired legions of loyal Tesla evangelists and investors, largely through his irreverent Twitter feed and other ambitious ventures like SpaceX, PayPal, and Neuralink.
By conventional measures, they point out, Tesla's valuation is completely out of whack with the rest of the auto industry. It has a price-to-earnings ratio of 1,200, meaning that for every one dollar of earnings, Tesla enjoys $1,200 of market cap. For comparison, Ford's P/E is 22.74, while General Motors' is 17.84.
Tesla also doesn't sell even close to the amount of vehicles as the competitors its valuation now dwarfs. Tesla sold just shy of 500,000 cars globally last year. In the US alone in 2020, GM's total sales were
Tesla $TSLA is again a STRONG BUY (Smart Score 10/10) despite the huge run, based on Danel Explainable AI technology which analyzes more than 900 Fundamental, Technical, and Sentiment indicators:
Am I the only one that cannot stand Elon Musk?
People love the brand . Analysts don’t understand that . People want to be a part of it
Wall Street can’t figure anything out this year.
Its simply the future. Green entrepreneurship is the next big thing!