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Analyst on CNBC said the stock drop in Tesla was a direct correlation to his purchase of Twitter. They are worried he might sell more stock to support Twitter and Twitter is time consuming, taking Elon's attention away from the golden egg Tesla.
The other concern is other automakers getting good at electric cars! People like "new cars" and Tesla hasn't changed their offerings much. An 8 yr old Tesla 70d looks pretty similar to a new one.
The other concern is other automakers getting good at electric cars! People like "new cars" and Tesla hasn't changed their offerings much. An 8 yr old Tesla 70d looks pretty similar to a new one.
Just looking at P/E ratio's there is absolutely no consistency in the industry. With that kind of wild speculation it doesn't take much of a reason to jump around. BYD seems to be the like Tesla of the past. In December 2020 Tesla had a P/E of nearly 1000.
According to Tesla's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 52.8798. At the end of 2021 the company had a P/E ratio of 190.
According to Toyota's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.2966. At the end of 2022 the company had a P/E ratio of 10.7.
According to BYD's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 241.4. At the end of 2021 the company had a P/E ratio of 252.
According to Volkswagen's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.51667. At the end of 2021 the company had a P/E ratio of 6.00.
According to Mercedes-Benz's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.98368. At the end of 2021 the company had a P/E ratio of 3.14.
According to BMW's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.48407. At the end of 2021 the company had a P/E ratio of 4.71.
According to Ferrari's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 39.2351. At the end of 2021 the company had a P/E ratio of 50.4.
Tesla Market Cap has dropped from $1230 Billion to $570 Billion in just over a year. The public drama over Twiter is certainly not solely responsible for that drop, but it has made a significant contribution.
Mercedes-Benz market cap is $69 Billion compared to the current market cap of $41 Billion for Twitter. A Tesla takeover of Mercedes would also have been controversial, but probably not compared to the Twitter maelstrom.
Investors are beginning to worry that Elon is too busy with Twitter, a major distraction for him.
Bloomberg had this to say today: "... Bloomberg News broke the story late Wednesday that Elon Musk’s bankers are considering new margin loans to him, backed by part of his stake in Tesla, to effectively replace the most expensive debt on Twitter’s balance sheet. If that happens, it would be at once entirely unsurprising and yet take Musk’s empire into new and potentially dangerous territory. ... Musk, along with some co-investors, paid about $44 billion for Twitter, with $13 billion of that landing on the company’s balance sheet as debt. Ordinarily, the bankers who put up that debt would sell it on to investors. But the takeover of Twitter has been anything but ordinary, and the banks have struggled to offload the debt, with reports of bids coming in at just 60 cents on the dollar. Given the annual interest bill for Twitter is estimated at about $1.2 billion, or more than a fifth of revenue, ...
I've said it before, Twitter has the potential to ruin Musk, he jumped into a cesspool he can't control.
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Bernard Arnault & family $186.2 B
Elon Musk $185.0 B
Elon Musk has dropped to the second richest man in the world as of today. He has been displaced by the richest man in France who is CEO of Moët Hennessy Louis Vuitton which owns 75 luxury brands. Bernard Arnault has been CEO since Jan 13, 1989 while the company was founded on June 3, 1987.
Quote:
Originally Posted by Mike from back east
Musk, along with some co-investors, paid about $44 billion for Twitter, with $13 billion of that landing on the company’s balance sheet as debt.
I've said it before, Twitter has the potential to ruin Musk, he jumped into a cesspool he can't control.
Tesla Market Cap was $711 Billion on 28 October 2022 and is $539 Billion today or a loss of $172 Billion in just 6 weeks.
Once again the crash of Tesla stock is not due entirely to Twitter as the automaker stocks have all been falling. But Twitter is proving a very costly distraction.
Market Cap Billions
$539.57 Tesla
$195.48 Toyota
$100.50 BYD
$97.50 Porsche
$85.80 Volkswagen
$71.47 Mercedes-Benz
$57.91 BMW
$54.27 General Motors
$52.75 Ford
$47.69 Stellantis
$40.79 Honda
$40.28 Ferrari
$31.88 Maruti Suzuki India
$31.84 Great Wall Motors
$28.48 Hyundai
$25.64 SAIC Motor
$25.25 Rivian
$23.52 Li Auto
$22.64 NIO
$19.95 Kia
$19.25 Mahindra & Mahindra
$19.12 Tata Motors
$17.26 Chongqing Changan
$16.89 Suzuki Motor
$16.46 Geely
$15.10 GAC (Guangzhou Automobile Group)
$14.69 Volvo Car
$14.59 Lucid Motors
$13.33 Nissan
$12.93 Polestar
$12.65 Subaru
$11.04 Hotai Motor
$10.54 Renault
$10.36 XPeng
Tesla dropped below half a trillion dollars this week and has also dropped from #6 to #8 in the ranking for most valuable companies. Tesla is now worth less than Berkshire Hathaway and UnitedHealth.
Tesla has not been worth less than half a trillion dollars since the week of 19 November 2020. It's peak value was $1.23 trillion.
Bloomburg real time billionaire lists estimates the net worh of the world's 6 centi-billionaires as:
Tesla dropped below half a trillion dollars this week and has also dropped from #6 to #8 in the ranking for most valuable companies. Tesla is now worth less than Berkshire Hathaway and UnitedHealth.
Tesla has not been worth less than half a trillion dollars since the week of 19 November 2020. It's peak value was $1.23 trillion.
Bloomburg real time billionaire lists estimates the net worh of the world's 6 centi-billionaires as:
Bernard Arnault $172B - France
Elon Musk $161B
Gautam Adani $125B - India
Bill Gates $116B
Jeff Bezos $115B
Warren Buffett $108B
I read today that Musk hasn't been paying the rent at the Twitter offices, including their headquarters, and he's reportedly having discussions with senior officers about reneging on the severance agreements for all the people that they have laid off, stiffing them.
Of course he keeps publicly stating that everything is going great, but it sounds like they are near bankruptcy - at least given what they are doing to service providers and former employees, which is pretty drastic. I would hope that the victims of these maneuvers would have legal recourse.
3rd largest shareholder in Tesla has called for Musk to step down as CEO.
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