Does Tesla Stock Lead the Pack?
Tesla‘s stock has delivered positive returns over the past year, yet lagged some peers like Rivian, which saw significantly higher returns. As of November 24, 2025, a closer look reveals Tesla‘s robust free cash flow and solid operating margins, though its LTM revenue growth has decelerated to negative territory. Despite a positive movement in its stock on November 24th, driven by CEO Elon Musk’s emphasis on AI chip capabilities, Tesla continues to carry a lofty valuation compared to traditional automakers. This suggests limited upside potential if intensifying competition in the evolving automotive market and subdued growth persist.
- TSLA’s 5.1% operating margin, above most peers but below PCAR’s 11.4%, suggests differing operational efficiency or product mix.
- TSLA’s -1.6% LTM revenue decline, lagging GM, F, RIVN, signals cooling EV demand, though better than PCAR, OSK.
- TSLA’s 18.5% gain and 265.4 PE, though less than GM, F, RIVN returns, reflects strong investor confidence in its future growth.
Here’s how Tesla stacks up across size, valuation, and profitability versus key peers.
| TSLA | GM | F | PCAR | RIVN | OSK | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 1,348.2 | 67.0 | 51.6 | 53.9 | 18.5 | 8.0 |
| Revenue ($ Bil) | 95.6 | 187.4 | 189.6 | 29.5 | 5.8 | 10.3 |
| PE Ratio | 265.4 | 22.0 | 11.0 | 20.0 | -5.2 | 12.1 |
| LTM Revenue Growth | -1.6% | 2.6% | 3.7% | -15.2% | 28.2% | -2.5% |
| LTM Operating Margin | 5.1% | 4.3% | 1.9% | 11.4% | -58.5% | 9.3% |
| LTM FCF Margin | 7.1% | -0.9% | 6.3% | 10.8% | -8.4% | 7.3% |
| 12M Market Return | 18.5% | 22.6% | 24.5% | -6.9% | 48.1% | 14.0% |
For more details on Tesla, read Buy or Sell TSLA Stock. Below we compare TSLA’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| TSLA | -1.6% | 0.9% | 18.8% | 51.4% |
| GM | 2.6% | 9.1% | 9.6% | 23.4% |
| F | 3.7% | 5.0% | 11.5% | 15.9% |
| PCAR | -15.2% | -4.2% | 21.9% | 22.5% |
| RIVN | 28.2% | 12.1% | 167.4% | 2914.5% |
| OSK | -2.5% | 11.1% | 16.6% | 7.0% |
Operating Margin Comparison
| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| TSLA | 5.1% | 7.9% | 9.2% | 17.0% |
| GM | 4.3% | 6.8% | 5.4% | 6.6% |
| F | 1.9% | 2.8% | 3.1% | 4.0% |
| PCAR | 11.4% | 14.5% | 16.9% | 12.8% |
| RIVN | -58.5% | -94.3% | -129.4% | -413.5% |
| OSK | 9.3% | 9.9% | 8.7% | 4.6% |
PE Ratio Comparison
| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| TSLA | 265.4 | 181.1 | 52.6 | 30.6 |
| GM | 22.0 | 9.9 | 4.8 | 4.9 |
| F | 11.0 | 6.7 | 11.2 | -23.6 |
| PCAR | 20.0 | 13.1 | 11.1 | 11.4 |
| RIVN | -5.2 | -2.8 | -4.1 | -2.5 |
| OSK | 12.1 | 9.1 | 11.9 | 33.3 |
Still not sure about TSLA stock? Consider portfolio approach.
Portfolios Win When Stock Picks Fall Short
Stocks soar and sink – the key is staying invested. A balanced portfolio keeps you in the market, boosts gains and reduces single stock risk
The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 – the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.