Tesla lands some early approvals for Berlin Gigafactory

  • Tesla (TSLA) is now allowed to start installing machines and aggregates at the factory in Germany, according to some aggressive translation of tweets posted by the Brandenburg government. By appearances, the installation of machines looks like a positive step toward landing the approvals ultimately needed for the assembly process.
  • Elon Musk was in Germany earlier this week looking to speed things up after complaining about local bureaucracy. Tesla still hopes to start production in Germany this year, even though some analysts think 2022 is more likely.

    For this year Tesla 's (located in Palo Alto) revenue will be around 49.1 billion USD. This is according to the average of the analysts' estimates. This is quite 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 4.92 billion USD. Most of the analysts anticipate on a profit per share of 4.54 USD. The price/earnings-ratio therefore equals a very high 133.58.

    For this year analysts don't expect the company to pay a dividend. The average dividend yield of the automobile producers equals a good 2.75 percent.

    Recent target prices around 778 USD

    Goldman Sachs , Credit Suisse and Jefferies & Co. recently provided recommendations for the stock.

    Tesla 's market capitalization is based on the number of outstanding shares around 548.83 billion USD. The Tesla stock was the past 12 months quite unstable. Since last May the stock is even 271 percent higher. This year the stock price moved between 157 and 900 dollar.

    Historical stock prices Tesla period 2007-2021

    stock graphs teslamotors

    On Monday the stock closed at 606.44 USD.

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