In Reply to: Re: SpaceX IPO = Cybertruck posted by russsmith on May 22, 2026 at 10:11:16
Tesla accounts for 2.5% of all auto sales, yet its market cap is $942 billion — more than the top 15 global automakers combined:
Toyota, Volkswagen Group, Stellantis, Hyundai, Ford Motor, BYD, SAIC Motor, General Motors, Honda, Nissan, Geely Auto, Suzuki, BMW, Mercedes-Benz, and Renault.
Their P/E ratios are:
Tesla (USA) — 381x (premium EV/tech valuation)
BYD (China) — 21x (rapid EV growth priced in)
Toyota (Japan) — 10x (world's #1 automaker by volume)
BMW (Germany) — 10x
Honda (Japan) — 10x (automotive segment under pressure)
Suzuki (Japan) — 8x (strong India market exposure)
General Motors (USA) — 8x (EPS boosted by buybacks)
Volkswagen Group (Germany) — 7x (restructuring & cost cuts ongoing)
Mercedes-Benz (Germany) — 5x (luxury mix shift ongoing)
Hyundai (South Korea) — 4x
Ford Motor (USA) — -6x (net loss on TTM basis)
What is Tesla's next product? They basically sell the same car every year. The Roadster is 8 years behind its initial launch date.
Tesla is trading nearly 6,500% higher than it should be. Tesla could do anything and the fans would still buy it.