Post
Topic
Board Economics
Re: Tesla overtake Amazon?
by
Vishnu.Reang
on 10/01/2021, 12:07:12 UTC
Testla shares has soar way more % gain than Amazoon Stock  Tongue

That's true. But right now, Tesla is looking like the most overpriced asset in this planet. For Tesla, the annual revenues as per their report in 2019 stood at less than $25 billion. The net income was negative, and stood at -$0.9 billion. On the other hand, for Amazon the annual revenues for 2019 stood at $281 billion and the net income (after taxation) stood at $11.6 billion. Both of them can't even be compared. The revenues for AMZN is more than 11 times that of TSLA. But people are accumulating the TSLA stock like there is no tomorrow.