This is a very tricky and emotional topic. The biggest stock story of the past decade was surely the Tesla story. It was a matter of dreamers vs. skeptics, with both sides putting in billions of dollars for long periods of time. The dreamers won. The huge shift was in the second half of 2018 when Tesla finally got production of the Model 3 ramped up and turned a profit.
And here’s one on how Tesla compares to other automakers in terms of both its operating margin and its P/E multiple: Let’s take a moment to see what’s being said about the company these days and how that relates to the above.“But even by that new standard — with growth forecasts on Wall Street sinking rapidly — the grim sales prediction from a key Tesla analyst on Wednesday was still shocking. There’ll be zero growth in sales volumes for the electric-vehicle maker this year, Wells Fargo’s Colin Langan said. And in 2025, it’ll be worse yet: volumes will drop.
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Source: CNBC - 🏆 12. / 72 Read more »