41 days ago • Posted by William Ramstein

EV price to sales ratios tower over traditional automakers

EV stock prices have surged as retail traders and Cathie Wood tend to believe that climate change awareness will make EV the go-to choice for cars in the Future. While Tesla  is trading at roughly 28 times its 2020 sales compared with an average 1.1 times for old-school auto stocks, Elon Musk’s firm only has a 15% market share in EV sales and its revenues are still small compared with the likes of Toyota Motor Corp. or Volkswagen AG. Not all EV firms will be winners and the race is on. Source: researchaffiliates.com