Tesla and Toyota reportedly considering an SUV partnership

  • Report generated out of China indicate that Tesla (NASDAQ:TSLA) and Toyota (NYSE:TM) are considering working together on developing a small SUV platform. Chosun Media says talks have been going on since last year.
  • The suggested collaboration would see Toyota provide the vehicle platform to Tesla, while Tesla would supply some of the electronic control platform and software technology to the vehicle platform.
  • The same reporting of a Toyota-Tesla tie-up was also posted in a Korean media publication.
  • Toyota was an early investor in Tesla before selling its stake.

    Over the current book year the total revenu from the company based in Palo Alto will be 48.22 billion USD (consensus estimates). This is hugely more than 2020's revenue of 31.54 billion USD.

    Historical revenues and results Tesla plus estimates 2020

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    The analysts expect for 2021 a net profit of 4.4 billion USD. Most of the analysts anticipate on a profit per share of 4.14 USD. Based on this the price/earnings-ratio is a significant 153.53.

    For this year analysts don't expect the company to pay a dividend. The average dividend yield of the automobile producers equals an attractive 1.72 percent.

    Latest estimates around 537 USD

    Jefferies & Co., UBS and Sanford C. Bernstein & Co recently provided recommendations for the stock.

    Based on the current number of shares Tesla 's market capitalization equals 575.24 billion USD. The Tesla stock was the past 12 months quite volatile. Since last March the stock is even 507 percent higher. This year the stock price moved between 89 and 900 dollar.

    Historical stock prices Tesla period 2007-2021

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    At 17.10 the stock trades 3.51 percent higher at 635.62 USD.

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