Toyota sold 10 million cars in 2022, 250bn revenue and has a market cap of 200bn.
Tesla sold 1.3 million cars in 2022, 81bn revenue and has a market cap of 550bn.
Tesla’s gross profit margin has been much better - 25-odd% against 15-odd% for Toyota but even with that the stock is still way above any sensible multiple of its current earnings, or indeed its potential future earnings. It’ll drop another 50% at least.
Still miles off tho.
Toyota sold 10 million cars in 2022, 250bn revenue and has a market cap of 200bn.
Tesla sold 1.3 million cars in 2022, 81bn revenue and has a market cap of 550bn.
Tesla’s gross profit margin has been much better - 25-odd% against 15-odd% for Toyota but even with that the stock is still way above any sensible multiple of its current earnings, or indeed its potential future earnings. It’ll drop another 50% at least.