- First Name
- Dec 16, 2020
- Reaction score
- 21 Mach E Select RWD, 12 Explorer, 62 C10
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.
On July 28, Ford announced a net income of $561 Million.
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?