Tesla in line for big subsidy from Germany

  • Tesla (NASDAQ: TSLA) is set to receive a single-digit billion euro amount in funding from the German government and Brandenburg state government, according to Business Insider.
  • The financial aid to Tesla is for setting up a battery cell factory near Berlin.
  • Tesla's German factory is expected to begin production late this year.
  • Tesla is still in positive territory after a price target boost from Piper Sandler helped set some wheels in motion.

    Tesla fundamentals

    Over the current book year the total revenu from the company based in Palo Alto will be 48.44 billion USD (consensus estimates). This is rather significant more than 2019's revenue of 31.54 billion USD.

    Historical revenues and results Tesla plus estimates 2020

    historische koersenTesla

    The analysts expect for 2020 a net profit of 4.47 billion USD. Most of the analysts anticipate on a profit per share of 4.2 USD. Based on this the price/earnings-ratio is a very high 202.38.

    Analysts don't expect the company to pay a dividend. The average dividend yield of the automobile producers is a limited 0.82 percent.

    Most recent target prices around 214 USD

    The latest 3 recommendations for the automobile producer were provided by JP Morgan, Sanford C. Bernstein & Co and UBS .

    Tesla 's market value equals around 769.24 billion . The Tesla stock was the past 12 months quite unstable. Since last February the stock is even 467 percent higher. This year the stock price moved between 70 and 900 dollar.

    Historical stock prices Tesla

    equity research teslamotors

    Click here for dividend Tesla Motors. At 15.34 the stock trades 0.97 percent lower at 849.99 USD.

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