Tesla (TSLA, $212.43) profit now exceeds Ford and GM; Musk says, "How times have changed”
Tesla sales increased from $0.4 billion 10 years ago to $81 billion currently, noted Charlie Bilello, chief market strategist at CPI Wealth. In comparison, General Motors Corp. revenues rose from $152 billion to $157 billion, and Ford Motor sales $134 billion, to $158 billion, Bilello mentioned. Those figures imply that while Tesla revenue surged by 20,150% over the last 10 years, GM and Ford revenue experienced 3.3% and 17.9% growth rates, respectively.
Tesla’s net profit changed from a negative -$0.4 billion to +$13 billion. In comparison, GM’s net income rose from $6.2 billion to $10 billion over 10 years, while Ford’s turned from a profit of $5.6 billion to a loss of -$2 billion.
Tesla CEO Elon Musk said about the comparison, “How times have changed.”
TSLA's RSI Oscillator ascending out of oversold territory
The RSI Indicator for TSLA moved out of oversold territory on November 01, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 27 similar instances when the indicator left oversold territory. In of the 27 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 01, 2023. You may want to consider a long position or call options on TSLA as a result. In of 73 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for TSLA just turned positive on November 06, 2023. Looking at past instances where TSLA's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .
TSLA moved above its 50-day moving average on November 28, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for TSLA crossed bullishly above the 50-day moving average on November 28, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TSLA advanced for three days, in of 347 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 325 cases where TSLA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 59 cases where TSLA's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TSLA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
TSLA broke above its upper Bollinger Band on November 14, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. TSLA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (14.663) is normal, around the industry mean (6.567). TSLA has a moderately high P/E Ratio (79.365) as compared to the industry average of (20.816). Projected Growth (PEG Ratio) (2.781) is also within normal values, averaging (5.810). TSLA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.043). P/S Ratio (8.953) is also within normal values, averaging (23.627).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of electric sports cars
Industry MotorVehicles
TSLA and
Correlation & Price change
A.I.dvisor indicates that over the last year, TSLA has been loosely correlated with RIVN. These tickers have moved in lockstep 51% of the time. This A.I.-generated data suggests there is some statistical probability that if TSLA jumps, then RIVN could also see price increases.
| Ticker / NAME | Correlation To TSLA | 1D Price Change % | ||
|---|---|---|---|---|
| TSLA | 100% | -0.52% | ||
| RIVN - TSLA | 51% Loosely correlated | +7.58% | ||
| LCID - TSLA | 51% Loosely correlated | +2.61% | ||
| RACE - TSLA | 46% Loosely correlated | -0.55% | ||
| STLA - TSLA | 42% Loosely correlated | +1.62% | ||
| NIO - TSLA | 41% Loosely correlated | -1.65% | ||
More | ||||