quote:
Tesla is down 40% compared with the broader NASDAQ-100 benchmark being down 14%.

Companies like Microsoft and Amazon are down 17% and 26% respectively. Apple is only down -9% which is frankly amazing and a testimony to how good of a CEO Tim Cook is.

So Tesla is objectively doing much worse than a list of comparable companies considering:

a) The tech benchmark is down 14%.

b) Tesla is down 40%.

c) The SP500 index is down 6% if we compare it to 500 top companies.

GM and Ford are both down about 40% YOY. Comparing auto manufacturers seems more reasonable than comparing an auto manufacturer to Amazon or Microsoft or Apple.

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Posted by CAPEX

Member since Dec 2022

918 posts

Posted on 1/27/23 at 10:05 am to DamnGood86

quote:
GM and Ford are both down about 40% YOY. Comparing auto manufacturers seems more reasonable than comparing an auto manufacturer to Amazon or Microsoft or Apple.

I've seen people argue that Tesla is a tech company and other people argue that Tesla is an automotive company.

If Tesla is indeed an automotive company, it's massively overvalued compared with other automotive companies.

GM is down 27% from the 27th of January 2022 to 27th of January 2023.

Ford is down 33.5% from the 27th of January 2022 to 27th of January 2023.

In any case, I don't think Tesla's stock performance has been particularly good over the past year whether you benchmark it to automakers or tech companies.

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Posted by BuckyCheese

Member since Jan 2015

52514 posts

Posted on 1/27/23 at 11:27 am to DamnGood86

quote:
GM and Ford are both down about 40% YOY. Comparing auto manufacturers seems more reasonable than comparing an auto manufacturer to Amazon or Microsoft or Apple.

GM is down 26% from a year ago. Same as Amazon.

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