We see no reason to change our $200 fair value estimate or narrow moat rating for Tesla following media reports that Tesla is undertaking a new wave of layoffs. This round includes Tesla letting go of nearly all of the supercharging team.
Tesla has the potential to disrupt the automotive and power generation industries with its technology for EVs, AVs, batteries, and solar generation systems.
Traditional automakers and new entrants are investing heavily in EV development, which will result in Tesla seeing a deceleration in sales growth and being forced to cut prices due to increased competition, eroding profit margins.
|
Metric
|
TSLA
|
VWAGY
|
BMW
|
|---|---|---|---|
Price/Earnings (Normalized) | 67.14 | 3.79 | 5.95 |
Price/Book Value | 9.08 | 0.40 | 0.73 |
Price/Sales | 6.75 | 0.20 | 0.38 |
Price/Cash Flow | 44.52 | 1.41 | 2.78 |
|
Metric
|
TSLA
|
VWAGY
|
BMW
|
|---|---|---|---|
Quick Ratio | 1.13 | 0.89 | 0.73 |
Current Ratio | 1.73 | 1.16 | 1.09 |
Interest Coverage | 58.10 | 29.43 | 25.99 |
|
Metric
|
TSLA
|
VWAGY
|
BMW
|
|---|---|---|---|
Return on Assets (Normalized) | 9.74% | 2.83% | 4.87% |
Return on Equity (Normalized) | 16.96% | 10.57% | 13.83% |
Return on Invested Capital (Normalized) | 13.43% | 4.62% | 6.85% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
TM
| Toyota Motor Corp ADR | Hwyygpc | Wbl | $313.6 Bil | |
MBGAF
| Mercedes-Benz Group AG | Hpvjrdr | Mzrfsj | $81.3 Bil | |
RACE
| Ferrari NV | Vvvmxkvbg | Klwh | $74.7 Bil | |
BMWYY
| Bayerische Motoren Werke AG ADR | Qyhmlmhx | Qvmtvf | $69.7 Bil | |
VWAGY
| Volkswagen AG ADR | Lydvxksp | Nmmd | $67.6 Bil | |
VWAPY
| Volkswagen AG ADR | Nqdpycwxc | Pqr | $67.6 Bil | |
STLA
| Stellantis NV | Wfjzzrnj | Kfkqz | $66.8 Bil | |
HMC
| Honda Motor Co Ltd ADR | Yjtwgbcj | Wlfv | $55.9 Bil | |
GM
| General Motors Co | Grhscyxt | Nxkgq | $50.8 Bil |
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