Tesla: A fairytale market capitalization

In the past 52 weeks, the price of Tesla shares has increased almost tenfold. On Friday, the paper cost around $ 2,200. That’s equivalent to a market capitalization of $ 412 billion. If you add all of the automakers in Europe and America, plus a number of Japanese manufacturers, their total market capitalization is $ 407 billion. These include VW, Daimler, BMW, Ford, GM, Fiat Chrysler, Honda, Suzuki, Peugeot, Renault and several other manufacturers.

In order to present the course more favorably, Tesla is increasing the share base. For an old share you get four more shares. Trading in the new papers and thus with the new course begins today.

The analysts at Nord LB incorporate this into their model. They stick to the sell recommendation for Tesla shares. The price target drops from $ 620.00 to $ 130.00.

Sales and profits at Tesla cannot keep up with the course. The share thus appears clearly overvalued. The P / E ratio for 2020e calculated by the analysts is 746. The P / E ratio for 2021 is 315.6.


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