Are you referring to Audi's EVs? Or Audi in general?
Either way, looked it up out of curiosity: Audi's parent company, Volkswagen, currently has a market cap of ~58B EUR with revenue over 300B EUR in 2023. Tesla has a market cap of $772B with revenue just under $100B in 2023.
Tesla's stock is trading (and has) at a staggering multiple for the automotive industry. It's fair to call out that their competitors may have their own struggles, but negative growth in Tesla's primary product line is going to make it increasingly tough for investors to stomach that premium.
Elon has a gift for selling a vision, so I certainly wouldn't bet against Tesla on any short-term horizon, but I struggle to imagine that alone will be able to carry their stock price in perpetuity.
Audi part. Cars are not moving. If the rest of Volkswagen is similar its going to be bad. Tesla is just more visible. I think only Toyota is making money right now.
Either way, looked it up out of curiosity: Audi's parent company, Volkswagen, currently has a market cap of ~58B EUR with revenue over 300B EUR in 2023. Tesla has a market cap of $772B with revenue just under $100B in 2023.
Tesla's stock is trading (and has) at a staggering multiple for the automotive industry. It's fair to call out that their competitors may have their own struggles, but negative growth in Tesla's primary product line is going to make it increasingly tough for investors to stomach that premium.
Elon has a gift for selling a vision, so I certainly wouldn't bet against Tesla on any short-term horizon, but I struggle to imagine that alone will be able to carry their stock price in perpetuity.