TSLA (Tesla Inc.), the manufacturing company of electric cars, is having a good new year. For the first time ever, the company made the posting of the profitability for the fifth consecutive quarter. It became the most valuable automaking company in the world while together joining the S&P 500. The main reason for this achievement is the surge in the price of the TSLA stock.
And this is the only reason that made the CEO of TSLA, Elon Musk, the richest man alive. However, despite all these fortunate events, the global market share of the electric car producing company happens to be extremely small.
TSLA Stock Figures
The above-mentioned fact is seen by comparing it to the global market share of the other automaking companies. According to the estimation of some skeptics, the stock price of TSLA is at a rate that has been overpriced dramatically. The price-to-earnings ratio of the company is very high. It is about 1,616 times higher than the company’s earnings itself.
Considering the above-mentioned fact, the investors of the company will be relying upon the financial results of a strong nature. This is to take place when Elon Musk‘s TSLA will report on its earnings. That is scheduled to be on the 27th of January in the year 2021. That is the fourth quarter of the financial year 2020.
According to the expectations of the analysts, there can be a huge increase in the adjusted EPS (Earnings Per Share) on the growth in the revenue of a strong nature. This will be the case as compared to the quarter from a year ago.
Another interesting key metric to the investors of TSLA is the vehicle deliveries of the company. The results of that for Q4 had been released by them not long ago. The total number of vehicles delivered by the company during Q4 saw a dramatic increase in comparison to the total number of vehicles delivered in the Q4 of the year 2020.