Should You Pay Up For Tesla's Narrow Lead Over Its Peers?
Source: Trefis ·
Tesla (TSLA) earns a better operating margin than General Motors and Sunrun, its two peers here, and trades at 310 times earnings, the highest of the three. General Motors' 37.8 times rests on trailing earnings that include a loss quarter, so it is not comparable to a clean year. The lead is real but narrow: it is a margin lead, and a thin one. The price rests on a robotaxi, robot, and chip…