SandDust
2021-06-25

It is simple. Market is giving higher valuation to car manufacturers who going into EV and reducing valuation on Tesla due to competition.

Do you agree? 

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • KDL
    2021-06-25
    KDL
    The ability to produce EV is just putting those traditional car makers into the race. They are far from winning the race yet.
    • KDLReplySandDust
      ? Agree :)
    • SandDust
      Didn't say they going win. In fact Tesla has a great start. Just the new valuation assigned to traditional car makers
  • Gee2
    2021-06-26
    Gee2
    Market Is reducing valuation on Telsa is not due to competItion. The rapid rose in its share prIce in 2020 That gives high PE ratio of Telsa Is the main reason.
    • KDL
      Happy to see good comments around :)
Leave a comment
5