Tesla Competitors
| TSLA Stock | USD 421.81 8.60 2.00% |
Tesla vs Ferrari NV Correlation
Good diversification
The correlation between Tesla Inc and RACE is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tesla Inc and RACE in the same portfolio, assuming nothing else is changed.
Moving against Tesla Stock
At present, Tesla's Return On Tangible Assets are projected to increase slightly based on the last few years of reporting. The current year's Return On Assets is expected to grow to 0.03, whereas Return On Capital Employed is forecasted to decline to 0.04. At present, Tesla's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Non Current Assets Total is expected to grow to about 72.6 B, whereas Intangible Assets are forecasted to decline to about 128.2 M.Tesla Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Tesla and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Tesla and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Tesla Inc does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Tesla Stock performing well and Tesla Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Tesla's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TM | 1.26 | 0.10 | 0.07 | 0.14 | 1.36 | 3.21 | 8.06 | |||
| GELHY | 1.20 | (0.27) | 0.00 | (1.19) | 0.00 | 2.40 | 6.06 | |||
| F | 1.23 | 0.05 | 0.04 | 0.09 | 1.22 | 3.38 | 7.16 | |||
| NIO | 2.32 | (0.68) | 0.00 | (1.02) | 0.00 | 3.92 | 11.98 | |||
| CJET | 7.72 | (4.67) | 0.00 | 3.57 | 0.00 | 9.23 | 60.91 | |||
| LI | 1.61 | (0.42) | 0.00 | (0.35) | 0.00 | 2.48 | 8.72 | |||
| GM | 1.37 | 0.25 | 0.15 | 0.28 | 1.26 | 3.93 | 11.37 | |||
| ZK | 0.98 | (0.15) | 0.00 | 4.30 | 0.00 | 2.46 | 8.19 | |||
| RIVN | 3.32 | 0.13 | 0.05 | 0.12 | 3.12 | 10.70 | 31.17 | |||
| RACE | 1.31 | (0.32) | 0.00 | (0.25) | 0.00 | 1.98 | 7.22 |
Cross Equities Net Income Analysis
Compare Tesla Inc and related stocks such as Toyota Motor, Geely Automobile Holdings, and Ford Motor Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TM | 347 B | 283.6 B | 962.2 B | 1.8 T | 2.2 T | 2.3 T | 1.8 T | 2.5 T | 1.9 T | 2 T | 2.2 T | 2.9 T | 2.5 T | 4.9 T | 4.8 T | 5.5 T | 5.8 T |
| F | 2.5 B | 20.2 B | 5.6 B | 12 B | 1.2 B | 7.4 B | 4.6 B | 7.7 B | 3.7 B | 47 M | (1.3 B) | 17.9 B | (2 B) | 4.3 B | 5.9 B | 6.8 B | 3.6 B |
| NIO | (2.5 B) | (2.5 B) | (2.5 B) | (2.5 B) | (2.5 B) | (2.5 B) | (2.5 B) | (5 B) | (9.7 B) | (11.4 B) | (5.6 B) | (10.6 B) | (14.6 B) | (21.1 B) | (22.7 B) | (20.4 B) | (19.4 B) |
| LI | (1.6 B) | (1.6 B) | (1.6 B) | (1.6 B) | (1.6 B) | (1.6 B) | (1.6 B) | (1.6 B) | (1.6 B) | (2.4 B) | (159.8 M) | (317.3 M) | (2 B) | 11.7 B | 8 B | 9.2 B | 9.7 B |
| GM | 4.5 B | 9.2 B | 6.2 B | 5.3 B | 3.9 B | 9.7 B | 9.4 B | (3.9 B) | 8 B | 6.7 B | 6.4 B | 10 B | 9.9 B | 10 B | 6 B | 2.7 B | 2.6 B |
| RIVN | (459 M) | (459 M) | (459 M) | (459 M) | (459 M) | (459 M) | (459 M) | (459 M) | (459 M) | (459 M) | (1 B) | (4.7 B) | (6.8 B) | (5.4 B) | (4.7 B) | (4.3 B) | (4.5 B) |
| RACE | 225.4 M | 225.4 M | 225.4 M | 240.8 M | 261.4 M | 287.8 M | 398.8 M | 535.4 M | 784.7 M | 695.8 M | 607.8 M | 830.8 M | 932.6 M | 1.3 B | 1.5 B | 1.8 B | 1.8 B |
Tesla Inc and related stocks such as Toyota Motor, Geely Automobile Holdings, and Ford Motor Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Tesla Inc financial statement analysis. It represents the amount of money remaining after all of Tesla Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Tesla Competitive Analysis
The better you understand Tesla competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Tesla's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Tesla's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Tesla Competition Performance Charts
Five steps to successful analysis of Tesla Competition
Tesla's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Tesla Inc in relation to its competition. Tesla's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Tesla in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Tesla's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Tesla Inc, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Tesla position
In addition to having Tesla in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Large Value Funds Thematic Idea Now
Large Value Funds
Funds or Etfs that invest in the undervalued stocks of large-sized companies. The Large Value Funds theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Large Value Funds Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Tesla Correlation with its peers. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Is Automobile Manufacturers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tesla. If investors know Tesla will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive Tesla assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Quarterly Earnings Growth (0.61) | Earnings Share 1.1 | Revenue Per Share | Quarterly Revenue Growth (0.03) | Return On Assets |
The market value of Tesla Inc is measured differently than its book value, which is the value of Tesla that is recorded on the company's balance sheet. Investors also form their own opinion of Tesla's value that differs from its market value or its book value, called intrinsic value, which is Tesla's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tesla's market value can be influenced by many factors that don't directly affect Tesla's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tesla's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tesla is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Meanwhile, Tesla's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.