Tesla's stock price increased by 8.22x this year. If you bought $10,000 worth of TSLA at the start of the year, you'd have about $82,200 now. In comparison, the S&P500 only increased by 1.15x. This year's stellar performance has bolstered the convictions of TSLA's ardent fans while silencing its critics. Everyone in between is left scratching their head wondering how a stock is able to appreciate so quickly without a similar increase in business metrics, which have only seen modest growth compared to price. It's Q3 2020 revenue was $8.771B, a 39% increase from Q3 2019. In the same 2020 quarter, it delivered 139,300 vehicles, a 43.6% increase from the same quarter last year. It's clear that TSLA's price has long decoupled from business performance. This has caused, and was also caused by, a bifurcation in investor sentiment for the company. TSLA bulls have celestial expectations while TSLA bears believe the stock is in a decade-defining bubble.
TSLA - The 2021 Trade Plan
TSLA - The 2021 Trade Plan
TSLA - The 2021 Trade Plan
Tesla's stock price increased by 8.22x this year. If you bought $10,000 worth of TSLA at the start of the year, you'd have about $82,200 now. In comparison, the S&P500 only increased by 1.15x. This year's stellar performance has bolstered the convictions of TSLA's ardent fans while silencing its critics. Everyone in between is left scratching their head wondering how a stock is able to appreciate so quickly without a similar increase in business metrics, which have only seen modest growth compared to price. It's Q3 2020 revenue was $8.771B, a 39% increase from Q3 2019. In the same 2020 quarter, it delivered 139,300 vehicles, a 43.6% increase from the same quarter last year. It's clear that TSLA's price has long decoupled from business performance. This has caused, and was also caused by, a bifurcation in investor sentiment for the company. TSLA bulls have celestial expectations while TSLA bears believe the stock is in a decade-defining bubble.