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| Topic | Tesla stock has been going on a crazy run in recent weeks |
| Jabodie 02/03/20 5:35:06 PM #16: | CableZL posted... How do you find this out? Etrade says their market cap is 140.6 billionhttps://www.investing.com/equities/tesla-motors-ratios This seems to have all the basic ratios, but for why the price is going up you'll need to see the most recent financials. These cover performance over the past five years, which is not nearly as useful with a company like Tesla. For what's going on you just need to look at their most recent financials: https://ir.tesla.com/static-files/b3cf7f5e-546a-4a65-9888-c928b914b529?mod=article_inline&mod=article_inline Page 19 shows why the stock shot up. There has been mediocre performance since the start of the company before the Model 3, which seems to have shown consistent sales for the past year. You can see that cash flows are much improved, so it looks like the company is actually making money now. And now analysts seem to have changed their value on Tesla in response, and likely due to an expectation of increased earnings as the brand expands. So where the stock before was a promise to make money, the stock is now a promise to make money and people are more confident that it will actually happen. You'll notice too that net income is still in the negative in some recent quarters though, which has to do with depreciation and amortization (accounting concepts that have to do with loss of value of certain assets and spreading certain types of expenses over several years/quarters). However, if cash flows stay high and positive net income will eventually come out positive. --- <insert sig here> ... Copied to Clipboard! |
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