Auto giant Tesla, Inc. (TSLA) has lost 69.6% over the past year to close the last trading session at $110.34. Its forward EV/Sales multiple of 4.18 is substantially higher than the 1.12 industry average. Also, its forward Price/Sales multiple of 4.35, compared with the industry average of 0.86.
The automobile sector is poised for strong growth in the future years, fueled by growing digital integration and the rapid adoption of clean and sustainable technology.
