Tesla's valuation is turning heads: Chart of the Week

If the fact that Tesla bulls have a religious-like commitment to the stock isn’t clear from social media, it sure is from its financials.

Tesla’s forward price-to-earnings ratio, which divides next year’s estimated earnings per share by the current share price, is 97.1x, according to Yahoo Finance data.

Our Chart of the Week compares this figure to its peers, and it’s striking.

Though Nvidia has gotten most of the valuation attention during this year’s bull run, Tesla’s valuation has investors paying almost double: Nvidia’s forward P/E stands around 48.5x. And though Nvidia’s stock is up 800% since 2023 and nearly 200% so far this year, its earnings have exploded too.

By Ethan Wolff-Mann.

Full story at Yahoo News.