- Tesla trades at a $783 billion market capitalization and is now valued higher than Facebook at $716 billion.
- Tesla is trading at 81 times 2025 earnings estimates while Facebook trades at 13 times 2025 estimates.
- Facebook spent 14 times more on R&D than Tesla last quarter: $4,763 million at Facebook compared to $366 million at Tesla.
- Tesla spent less on R&D in Q3-2020 than it did in Q3-2018, challenging the technical dominance narrative.
- Tesla could follow a similar path as Cisco in 2000 when shares reached so high that continued growth could not prevent a major correction.
For further details see:
Tesla's Valuation Overtakes Facebook: Does This Make Sense?