Tesla, Caterpillar, and GE Vernova Stock Performance Overview
Tesla (NASDAQ: TSLA) has seen its stock increase by approximately 17% over the past year, closely aligning with the S&P 500’s 18% rise. In contrast, GE Vernova (NYSE: GEV) has doubled in value, while Caterpillar (NYSE: CAT) shares have surged over 150% during the same period.
As of Q1 2026, Caterpillar reports a record backlog of $63 billion, a 79% year-over-year increase, and GE Vernova’s backlog stands at $163 billion. Both companies are positioned to benefit from rising electricity demand, projected to increase by 60% from 2025 to 2045, driven by technologies like AI and electric vehicles.
However, investors are advised to exercise caution due to high valuations. Caterpillar’s price-to-sales ratio is 6.6x, significantly higher than its five-year average of 2.5x, and GE Vernova’s price-to-sales stands at 7.2x. With these metrics indicating potentially inflated stock prices, investors may want to consider building positions gradually.
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