tl;dr
Tesla (NASDAQ:TSLA) is set to begin 2024 with a market cap higher than the valuations of Toyota Motor (TM), Stellantis (TSLA), Ferrari (RACE), Honda (HMC), General Motors (GM), and Ford Motor (F) combined. This sets the stage for a robust bull vs. bear debate as the company prepares for the new year...
Tesla (NASDAQ:TSLA) is set to begin 2024 with a market cap higher than the valuations of Toyota Motor (TM), Stellantis (TSLA), Ferrari (RACE), Honda (HMC), General Motors (GM), and Ford Motor (F) combined. This sets the stage for a robust bull vs. bear debate as the company prepares for the new year. Potential catalysts for Tesla in 2024 include a reveal of the company's next model, advancements with FSD, government approval for manufacturing in India, strong margin reversion, Cybertruck reactions, and an AI Day event that could showcase the potential of the Optimus robot and Tesla's overall AI upside.
In 2023, Tesla (TSLA) saw its stock performance soar, with a gain of over 130% through December 22, outpacing the entire automobile manufacturing sector. The electric vehicle stock's robust performance was marked by trading above key moving averages and maintaining a strong relative strength index.
Quantitative measures reveal that Tesla (TSLA) receives a Hold rating from Seeking Alpha's Quant Rating system. The company's strong factor grades for profitability, growth, and momentum offset a lower factor grade for valuation. Overall, Tesla ranks 10th out of the 32 publicly traded automobile manufacturing stocks.
Wall Street analysts have presented a mixed outlook on Tesla (TSLA) going into 2024, with 15 analysts holding a Buy-equivalent or higher rating, 21 with a Hold-equivalent rating, and six analysts providing a Sell-equivalent rating on the stock.
Seeking Alpha analysts have expressed bullish sentiment, highlighting Tesla's favorable position to build its services business and showing a strong CAGR in revenue metrics due to a robust product pipeline.
Recent earnings reports from Tesla (TSLA) show an 8.9% year-over-year increase in revenue to $23.35B, with $1.9B in GAAP net income and $2.3B in non-GAAP net income. The company produced 430,488 vehicles and delivered 435,059 vehicles during Q3, with a sequential decline in volume attributed to planned factory upgrades.
Analysts expect Tesla (TSLA) to earn $0.73 per share in Q4 on revenue of approximately $25.56B, compared to an adjusted $1.19 per share on $24.3B in revenue during the same period in 2022.
Tesla (TSLA) faces heated competition from peer companies in both China and the U.S., with pricing battles in China and shifts in production guidance for U.S.-based electric vehicle manufacturers such as General Motors (GM) and Ford Motor (F), along with other emerging electric vehicle startups.
More about Tesla Inc
Tesla, Inc. is an American electric vehicle and clean energy company that had the highest sales in the plug-in and battery electric passenger car segments in 2020, capturing 16% of the plug-in market and 23% of the battery-electric market. The company is a major installer of solar photovoltaic energy generation systems in the United States and one of the largest global suppliers of battery energy storage systems. In terms of financial data, the company's market capitalization stands at $809.03 billion, with a price-to-earnings ratio of 81.2. The stock has a beta of 0.112 and a dividend yield of 0.088%. In terms of stock performance, the company's share price is $225.58, with a 52-week range of $3.11 to $30.28. Market sentiment towards Tesla Inc. is bearish, with a negative return on equity of -44.2% and a negative net profit margin of -0.442%.
More about Toyota Motor Corporation ADR
Toyota Motor Corporation ADR is a leading company in the manufacturing of motor vehicles and passenger car bodies, with a market capitalization of $241.48 billion. The stock has a price-to-earnings ratio of 9.0 and a dividend yield of 1.979%. The stock price is currently at $189.11, with a 52-week range of $130.41 to $209.08. The company's market sentiment appears bullish, with a positive outlook on its financial metrics and stock performance. However, it is important to note that past market behavior is not always a reliable indicator of future performance, and there may be potential risks or uncertainties associated with this analysis.
More about Ferrari NV
Ferrari NV is a company in the manufacturing sector, specifically in the motor vehicles and passenger car bodies industry. With a market cap of 47.3 billion and a P/E ratio of 1.81, the company's stock performance has been quite strong, with a 7.09% dividend yield and a 32.02% return on equity. The company's market sentiment appears to be positive, with a beta of 0.203 and a current stock price of 359.61. However, it's important to note that past market behavior is not always a reliable indicator of future performance, and there may be potential risks or uncertainties associated with investing in Ferrari NV.
More about Honda Motor Co Ltd ADR
Honda Motor Co Ltd ADR is a company that develops, manufactures, and distributes motorcycles, automobiles, electrical products, and other products in various regions. With a market cap of $184.3 billion and a P/E ratio of 7.87, the company's stock performance has been solid, with a current stock price of $127. The company's revenue of $49.7 billion and net income of $11.06 billion indicate a strong financial position. However, the stock's RSI of 37.08 suggests a potential oversold condition, and the stock's beta of 0.393 indicates lower volatility compared to the overall market. Despite the positive financial metrics, market sentiment may be cautious due to the RSI and beta values, indicating potential risks and uncertainties in the stock's performance.
More about General Motors Company
General Motors Company (GM) is a leading American multinational corporation in the manufacturing and distribution of vehicles and vehicle parts, with a market capitalization of approximately $171.97 billion. The stock has shown a 5.09% increase in the last quarter, with a current price-to-earnings (P/E) ratio of 7.12. Despite recent gains, the stock has experienced a slight decrease of 0.022 in the last month, reflecting some market volatility. The company's financial performance and market sentiment are generally positive, with a strong position in the motor vehicles and passenger car bodies sector. However, potential risks and uncertainties in the market should be carefully considered, as past performance is not always indicative of future results.
More about Ford Motor Company
Ford Motor Company is a major player in the manufacturing of motor vehicles and passenger car bodies, with a market capitalization of $174.23 billion. The stock is currently trading at $8.07 with a 52-week range of $0.6 - $1.53. This indicates a relatively stable performance over the past year. However, the stock's price-to-earnings ratio of 12.74 and a beta of 1.938 suggest a moderate level of volatility. The market sentiment towards Ford appears to be cautiously optimistic, with a slight bullish trend in the short term. It is important to note that the automotive industry is subject to various economic and industry-specific risks, and past performance may not necessarily indicate future results.
More about Nio Inc Class A ADR
Nio Inc Class A ADR, also known as NIO Inc., is a company that designs, develops, manufactures, and sells smart electric vehicles in various countries including China, Hong Kong, the United States, the United Kingdom, and Germany. The company operates in the manufacturing industry, specifically in motor vehicles and passenger car bodies. With a market cap of $15.04 billion, NIO Inc. has experienced a decrease in stock price by 1.78% and closed at $32.67 per share. The company's market sentiment is currently at -0.392, indicating a slightly bearish trend. Despite this, the company has a trading volume of 54,578,270,000, showing significant market interest. The stock's Relative Strength Index (RSI) is at 15.21, suggesting an oversold position. The Bollinger Bands indicator is at 0.466, indicating potential volatility in the stock price. It is important to note that past performance is not indicative of future results, and investors should be aware of the risks associated with investing in Nio Inc. Class A ADR.
More about Li Auto Inc
Li Auto Inc. is a company that designs, develops, manufactures, and sells smart electric sport utility vehicles (SUVs) in China, with its headquarters in Beijing. The company operates in the manufacturing sector, specifically in the production of motor vehicles and passenger car bodies. As of the latest financial data, the company's market capitalization stands at $33,473,815,000, with a stock price of $145.22. The stock has shown a minimal increase of 0.23 and a relative strength index (RSI) of 101.73, indicating overbought conditions. The company's market sentiment appears positive with a bullish trend in the short term, as evidenced by a positive Bollinger Bands indicator at 0.0632. However, investors should be cautious as the stock is currently trading near its upper Bollinger Band, which may suggest a potential reversal. It's essential to consider the potential risks and uncertainties associated with this analysis, as past market behavior is not always a reliable indicator of future performance.
More about Xpeng Inc
Key Financial Metrics:
- Market Cap: $13,127,537,000
- Revenue: $22,765,986,000
- Earnings Per Share (EPS): -1.61
- Price-to-Earnings (P/E) Ratio: 26.41
- Return on Equity (ROE): -0.5%
- Current Ratio: 18.8
Stock Performance:
- Xpeng Inc. has shown a bearish trend with a negative EPS and ROE, indicating potential challenges in profitability and shareholder returns.
Market Sentiment:
- Despite the negative financial metrics, the electric vehicle market in China continues to grow, providing potential opportunities for Xpeng Inc. However, there are uncertainties regarding its ability to turn revenue into profit and maintain a positive market sentiment.
More about Lucid Group Inc
Lucid Group Inc is a company in the real estate and construction industry, categorized under blank checks. The stock has shown a performance of -1.5% with a market sentiment of 0.359. The company's market cap is 695833000 with a stock price of 5.06. The performance has been on a downtrend with a value decrease of -0.295.
More about Fisker Inc
Fisker Inc is a company focused on the design, development, manufacture, and sale of electric vehicles. As of the latest financial data, the company has reported a revenue of $522,328,000 with a net income of $0. The stock performance shows a price change of -1.43 and a market cap of $731,290,000 with a stock price of $4.05. The market sentiment for Fisker Inc appears neutral, with no clear bullish or bearish trends observed. However, given the nature of the electric vehicle industry and the potential for market volatility, there may be risks and uncertainties associated with the company's future performance.
More about Rivian Automotive Inc
Based on the financial data provided, Rivian Automotive Inc. is in the manufacturing industry, specifically in motor vehicles and passenger car bodies. The company has a market cap of approximately $22.58 billion and reported a net income of -$6.02 million. The stock performance shows a price change of 4.033 and a percentage change of -1.49. The market sentiment is indicated by a volume of 3.78 billion and a price-to-earnings ratio of 26.42. It is important to note that past market behavior is not always a reliable indicator of future performance, and there may be potential risks or uncertainties associated with this analysis.
Disclaimer:
This is not financial advice. Please do your own research before investing in any asset.