Garbone
Well-Known Member
- First Name
- Gary
- Joined
- Dec 16, 2020
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- Florida
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My big take away from this is there seems to be a much better margin being pulled per vehicle by Tesla than Ford. I think the that is what is really driving the change to EVs, money talks.Just some information, and a question.
On July 26, Tesla reported net income of $1.14 Billion, $354 million of that came from carbon credits.
So $1.14 B - $354 M= $786 M net income from the production of BEV vehicles.
https://www.cnbc.com/2021/07/26/tesla-tsla-earnings-q2-2021.html
On July 28, Ford announced a net income of $561 Million.
https://media.ford.com/content/dam/fordmedia/North America/US/2021/07/28/2q-2021-ford-financials.pdf
Ford's market cap, the worth of the company, is $57 Billion +/-, and their stock price to earnings ratio (P/E) is 14 +/-, with the stock trading at about $14.40 right now.
Tesla's market cap today is about $669 Billion, and their P/E is 357 +/- , with the stock trading at $677 right now.
Question: When do you think Tesla's P/E ratio will go down to a normal P/E, like the S&P 500 average of 34?
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