Company Valuation: Tesla, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,063,564 388,972 789,898 1,296,350 1,495,687 1,501,302 - -
Change - -63.43% 103.07% 64.12% 15.38% 0.38% - -
Enterprise Value (EV) 1 1,052,822 369,886 766,034 1,268,000 1,460,004 1,478,341 1,486,456 1,489,955
Change - -64.87% 107.1% 65.53% 15.14% 1.26% 0.55% 0.24%
P/E 216x 34x 57.8x 198x 416x 354x 253x 174x
PBR 36.2x 9.56x 13.8x 19.4x 19.3x 14.6x 13.4x 12.1x
PEG - 0x 3.1x -3.8x -8.8x -507.06x 6.3x 3.8x
Capitalization / Revenue 19.8x 4.77x 8.16x 13.3x 15.8x 14.1x 12.4x 10.6x
EV / Revenue 19.6x 4.54x 7.92x 13x 15.4x 13.9x 12.3x 10.5x
EV / EBITDA 91.1x 19.3x 46.1x 76.2x 100x 100x 79.5x 59.3x
EV / EBIT 161x 27.1x 86.2x 179x 335x 368x 237x 155x
EV / FCF 210x 48.9x 176x 354x 235x -138x -170x -195x
FCF Yield 0.48% 2.05% 0.57% 0.28% 0.43% -0.73% -0.59% -0.51%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.633 3.62 4.3 2.04 1.08 1.072 1.504 2.187
Distribution rate - - - - - - - -
Net sales 1 53,823 81,462 96,773 97,690 94,827 106,267 120,999 141,879
EBITDA 1 11,555 19,186 16,631 16,645 14,596 14,712 18,703 25,145
EBIT 1 6,523 13,656 8,891 7,076 4,355 4,019 6,277 9,626
Net income 1 5,519 12,556 14,997 7,091 3,794 3,738 5,359 7,916
Net Debt 1 -10,742 -19,086 -23,864 -28,350 -35,683 -22,961 -14,846 -11,347
Reference price 2 352.26 123.18 248.48 403.84 449.72 380.12 380.12 380.12
Nbr of stocks (in thousands) 3,019,258 3,157,752 3,178,921 3,210,060 3,325,819 3,949,547 - -
Announcement Date 26/01/22 25/01/23 24/01/24 29/01/25 28/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
353.58x13.92x100.1x-.--% 1,501B
16.4x0.92x6.29x1.51% 107B
-6.16x3.22x-12.58x-.--% 21.75B
71.03x0.06x1.51x0.11% 11.91B
-20.67x0.18x-25.01x-.--% 11.47B
-19.41x0.59x-38.35x-.--% 9.85B
-26.87x0.35x5.89x-.--% 9.18B
-1.98x2.96x-6.87x - 7.47B
15.5x0.17x4.31x-.--% 6.41B
Average 42.38x 2.49x 3.92x 0.2% 187.35B
Weighted average by Cap. 315.93x 12.52x 89.00x 0.1%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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