$GM v $TSLA：Op. Margin and TTM revenue
$General Motors(GM)$ v $Tesla Motors(TSLA)$
Since Q1 2022:
Tesla's Op. Margin is down 55% to 8.6%
GM's Op. Margin is up 11% to 8.1%
Tesla's TTM revenue is up 1.4%
GM's TTM revenue is up 4.9%
BUT...Tesla trades for 24x GM's P/S multiple!
Massive Inflation Reduction Act tailwind for both revenue and margins. They have the most capacity to take advantage of that subsidy right now.
Competition typically eats away at those subsidy advantages. (FSLR in a similar spot)
TESLA will keep growing. The question is margins. Like in autos, margins should be pretty commodity-like in energy storage.
Image
https://x.com/TravisHoium/status/1833536105431339136
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.
