2024-01-31 12:00:00 ET
Summary
- About seven months ago we said Toyota looked like a more attractive investment than Tesla based on SA quant ratings driven by valuation and momentum factor grades.
- Toyota’s stock price has beaten Tesla’s by around 57% since the article’s publication on 6/23/23.
- In the wake of the EV giant missing earnings for the second quarter straight, and slides in Quant Factor Grades, our rating remains at Hold on Tesla.
- This article will look at how Tesla’s recent earnings miss impacts its SA quant rating and where the EV carmaker now stands versus Toyota.
In the SA Quant Team's initial coverage comparing Toyota Motor Corporation ( TM ) to Tesla, Inc. ( TSLA ), the Japanese carmaker's stock was more attractive due to A+ Grades in key Quant Factors including Valuation, Profitability, & EPS Revisions. Over the seven months since our recommendation, Toyota has outperformed Tesla by around 57%....
Read the full article on Seeking Alpha
For further details see:
The Better Buy: Tesla Or Toyota? (SA Quant)