Credit: Tesla
In a note to investors seen by
AppleInsider, a group of Morgan Stanley analysts contextualized Tesla s new market valuation by taking a look back at the business size, valuations, and market conditions surrounding Apple and Amazon when they both hit the $600 billion mark.
Apple, for example, crossed the $600 billion market valuation threshold in August 2012. Compared to the Cupertino tech giant, Tesla is one-fourth the size of Apple in forward year revenue and one-seventh the earnings before interest, taxes, depreciation, and amortization (EBITDA). While it took Apple nearly 30 years to reach a $300B market cap, it took just 18 months to grow from $300B to $600B in market cap in August of 2012, said Morgan Stanley Apple analyst Katy Huberty.