Tesla
TSLA

Tesla, Inc. is an American company that manufactures and sells electric cars, as well as power storage and photovoltaic systems. The company's goal is to โ€œaccelerate the transition to sustainable energyโ€. The company name is based on the physicist and inventor Nikola Tesla.

P/E ratio for Tesla (TSLA)

P/E ratio as of February 2023 (TTM): 52.7

According to Tesla's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 52.6746. At the end of 2021 the company had a P/E ratio of 190.

P/E ratio history for Tesla from 2010 to 2022

PE ratio at the end of each year

Year P/E ratio Change
2021190-80.3%
2020967-1262.33%
2019-83.244.44%
2018-57.6118.03%
2017-26.4-40.06%
2016-44.126.48%
2015-34.8-63.04%
2014-94.2-61.79%
2013-2472594.01%
2012-9.15

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
25.2-52.23%๐Ÿ‡บ๐Ÿ‡ธ USA
-11.2-121.33%๐Ÿ‡จ๐Ÿ‡ณ China
-10.2-119.35%๐Ÿ‡บ๐Ÿ‡ธ USA
-2.85-105.41%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.