PDD
PDD Holdings Inc.
PDD has the edge over TSLA overall, supported by stronger valuation and stronger fundamentals.
TSLA
Tesla, Inc.
TSLA's outlook is improving, though it still trails on the overall score.
PDD Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Strong |
PDD's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
TSLA Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Under pressure | |
| Strong |
TSLA's revenue and balance sheet are currently healthy, and its profitability is stable, but its cash flow is under pressure.
PDD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 8.2x | $77.53 | — |
| Cheap | 9.9x | $94.09 | +21% |
| Fair | 17x | $164 | +112% |
| Expensive | 32x | $303 | +291% |
Historical ranges are pointers, not guarantees.
PDD has the edge over TSLA in the historical PE scenario, which offers more potential upside but is not a forecast.
TSLA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 60x | $54.70 | -86% |
| Fair | 174x | $158 | -60% |
| Forward | 196x | $397 | — |
| Expensive | 415x | $378 | -4.9% |
| Current | 437x | $397 | — |
Historical ranges are pointers, not guarantees.
TSLA's PE is in its expensive range at 437x. If earnings grow as analysts expect, today's price would be 196x next year's earnings, in its fair range.
PDD Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Stable | |
| Growth | |
| Weakening | |
| Limited | |
| Moderate |
Analysts expect PDD's revenue to grow, but its profitability to weaken.
TSLA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| Low |
TSLA has the edge over PDD on the outlook, with more favorable earnings and profitability expectations.
PDD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $9.46 | -4.7% |
| Q1 2026 | $9.81 | -2.4% |
| Q4 2025 | $10.05 | -12% |
| Q3 2025 | $10.35 | -5.9% |
| Q2 2025 | $9.93 | -1.2% |
| Q1 2025 | $10.05 | +23% |
| Q4 2024 | $11.41 | +86% |
| Q3 2024 | $11.00 | +132% |
PDD has the edge over TSLA on earnings, with more consistent year-over-year improvement.
TSLA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.03 | +123% |
| Q3 2026 | $0.91 | -39% |
| Q2 2026 | $1.08 | -38% |
| Q1 2026 | $1.09 | -40% |
| Q4 2025 | $1.08 | -47% |
| Q3 2025 | $1.50 | -59% |
| Q2 2025 | $1.73 | -51% |
| Q1 2025 | $1.82 | -53% |
| Q4 2024 | $2.04 | -53% |
TSLA's earnings per share have fallen from their peak: $0.91 over the past year, against $4.30 in late 2023.
PDD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $16.9B | +8.1% |
| Q1 2026 | $15.9B | +11% |
| Q4 2025 | $18.6B | +12% |
| Q3 2025 | $16.2B | +9% |
| Q2 2025 | $15.6B | +7.1% |
| Q1 2025 | $14.4B | +10% |
| Q4 2024 | $16.6B | +24% |
| Q3 2024 | $14.9B | +44% |
PDD has the edge over TSLA on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 25% | -0.1 points |
| Q1 2026 | 18% | +1.6 points |
| Q4 2025 | 21% | -2 points |
| Q3 2025 | 23% | -1.3 points |
| Q2 2025 | 25% | -8.7 points |
| Q1 2025 | 17% | -13 points |
| Q4 2024 | 23% | -2.1 points |
| Q3 2024 | 24% | +0.3 points |
PDD has the edge over TSLA on profitability, with a higher operating margin.
TSLA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $28B | -0.2% |
| Q2 2026 | $28.2B | +26% |
| Q1 2026 | $22.4B | +16% |
| Q4 2025 | $24.9B | -3.1% |
| Q3 2025 | $28.1B | +12% |
| Q2 2025 | $22.5B | -12% |
| Q1 2025 | $19.3B | -9.2% |
| Q4 2024 | $25.7B | +2.1% |
TSLA's revenue has picked up after two years of holding roughly level: $28B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.6% | -3.2 points |
| Q2 2026 | 1.4% | -2.7 points |
| Q1 2026 | 4.2% | +2.1 points |
| Q4 2025 | 5.7% | -0.5 points |
| Q3 2025 | 5.8% | -5 points |
| Q2 2025 | 4.1% | -2.2 points |
| Q1 2025 | 2.1% | -3.4 points |
| Q4 2024 | 6.2% | -2 points |
TSLA's operating margin was 2.6% last quarter, down 3.2 points from the same quarter a year ago, near the bottom of its range since 2019.
PDD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $3.9B | +19% |
| Q1 2026 | $2.5B | +6% |
| Q4 2025 | $3.6B | -16% |
| Q3 2025 | $6.9B | +66% |
| Q2 2025 | $3.2B | -51% |
| Q1 2025 | $2.3B | -26% |
| Q4 2024 | $4.3B | -21% |
| Q3 2024 | $4.1B | -15% |
PDD generated $16.8B in free cash flow over the past year, up 20% from the year before.
TSLA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.5B | -62% |
| Q2 2026 | -$1.1B | -848% |
| Q1 2026 | $1.4B | +117% |
| Q4 2025 | $1.4B | -30% |
| Q3 2025 | $4B | +46% |
| Q2 2025 | $146M | -89% |
| Q1 2025 | $664M | +$3.2B |
| Q4 2024 | $2B | -1.6% |
TSLA still generates free cash flow, though less than at its 2025 peak: $3.3B over the past year.
PDD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -6.5M shares |
| 1 year | -0.6% | -8.4M shares |
| 3 years | +1% | +15.2M shares |
| 5 years | +3.1% | +43.6M shares |
| Available history | +27% | +311M shares |
PDD has the edge over TSLA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
PDD hasn't bought back shares in the past year.
TSLA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +1M shares |
| 1 year | +0.4% | +15M shares |
| 3 years | +1.4% | +48M shares |
| 5 years | +5.1% | +172M shares |
| Available history | +33% | +886M shares |
TSLA has 3.5B diluted shares, about the same as a year ago.
PDD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.9x | Net Cash |
| Q1 2026 | -1.4x | Net Cash |
| Q4 2025 | -1.3x | Net Cash |
| Q3 2025 | -0.7x | Net Cash |
| Q2 2025 | -0.5x | Net Cash |
| Q1 2025 | -0.5x | Net Cash |
| Q4 2024 | -0.4x | Net Cash |
| Q3 2024 | -0.4x | Net Cash |
PDD has more cash than debt.
TSLA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.1x | Net Cash |
| Q2 2026 | -0.8x | Net Cash |
| Q1 2026 | -0.9x | Net Cash |
| Q4 2025 | -1.1x | Net Cash |
| Q3 2025 | -1.4x | Net Cash |
| Q2 2025 | -1.1x | Net Cash |
| Q1 2025 | -1.1x | Net Cash |
| Q4 2024 | -1.0x | Net Cash |
TSLA has the edge over PDD on leverage, with a lower net debt burden relative to earnings.
PDD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.2 | Neutral |
| Stochastic | 27.1 | Neutral |
PDD's weekly RSI is 41 (neutral) and its Stochastic is 27 (neutral).
TSLA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.3 | Neutral |
| Stochastic | 72.6 | Neutral |
TSLA's weekly RSI is 54 (neutral) and its Stochastic is 73 (neutral).
PDD PE vs Consumer Cyclical Sector
| Metric | PDD | Sector median | Relative |
|---|---|---|---|
| PE | 8.2x | 18x | 54% below |
| PE % | 2 | 47 | 45 pts below |
PDD has the edge over TSLA on valuation relative to its sector.
TSLA PE vs Consumer Cyclical Sector
| Metric | TSLA | Sector median | Relative |
|---|---|---|---|
| PE | 437x | 18x | 2,324% above |
| PE % | 84 | 47 | 37 pts above |
TSLA is trading at 437x earnings, a 2324% premium to the Consumer Cyclical sector's median of 18x.
PDD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $79.2 | 2.1% below |
| 20 week MA | $82.3 | 5.8% below |
| 50 week MA | $93.3 | 17% below |
| 100 week MA | $104.0 | 25% below |
| 200 week MA | $107.0 | 28% below |
PDD is in a downtrend: it's below all five of its weekly moving averages, and 28% below its 200-week average.
TSLA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $376.0 | 5.7% above |
| 20 week MA | $364.0 | 9.2% above |
| 50 week MA | $393.6 | 1% above |
| 100 week MA | $372.1 | 6.8% above |
| 200 week MA | $296.9 | 34% above |
TSLA has the edge over PDD on trend strength, trading above more of its moving averages.
PDD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $39.2 | $152.8 | +289% |
| 2021 | $152.8 | $57.7 | -62% |
| 2022 | $57.7 | $84.0 | +46% |
| 2023 | $84.0 | $146.3 | +74% |
| 2024 | $146.3 | $97.5 | -33% |
| 2025 | $97.5 | $115.0 | +18% |
| 2026 YTD | $115.0 | $77.5 | -33% |
PDD's yearly returns have swung widely, from +289% in 2020 to −62% in 2021. It's down 33% so far in 2026.
TSLA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $28.7 | $220.6 | +669% |
| 2021 | $220.6 | $355.7 | +61% |
| 2022 | $355.7 | $123.2 | -65% |
| 2023 | $123.2 | $248.5 | +102% |
| 2024 | $248.5 | $431.7 | +74% |
| 2025 | $431.7 | $475.2 | +10% |
| 2026 YTD | $475.2 | $397.5 | -16% |
TSLA has the edge over PDD on returns for 2026, with the stronger performance.