"Shares of Tesla Inc. ( NASDAQ: TSLA) are trading 4.4% lower than a week ago as the EV giant unveiled its "Master Plan Part 4" that outlines a shift of focus to artificial intelligence and robotics. The share price is 17.4% higher than six months ago, outperforming the S&P 500 in that time."
"Tesla stock has gained 58.6% over the past year, so plenty of investors are still drawn to the EV market leader, which has experienced a meteoric rise that has resulted in a 20,900% gain since the company's initial public offering on June 29, 2010. It debuted at $17 per share, or roughly $1 per share when adjusted for stock splits."
"Regardless, investors are more concerned with the stock's future performance over the next one, five, and 10 years. While most Wall Street analysts will calculate 12-month forward projections, it is clear that nobody has a consistent crystal ball, and plenty of unforeseen circumstances can render even near-term projections irrelevant. 24/7 Wall St. aims to present some farther-looking insights based on Tesla's own numbers, along with business and market development information that may be of help to our readers' own research."
"Tesla has managed to thrive, boosting earnings and revenue even in high-interest-rate environments. Tesla's Model S was the best-selling plug-in electric car in both 2015 and 2016. The mass-market Model 3 sedan followed, becoming the best-selling electric car from 2018 to 2021. The Model Y, a mass-market SUV version of the Model 3, debuted in 2019, with deliveries beginning in 2020. Since then, Tesla stock has experienced incredible growth."
Shares of Tesla fell 4.4% over a week following the unveiling of "Master Plan Part 4," which shifts corporate focus toward artificial intelligence and robotics. The share price remains 17.4% higher than six months ago and 58.6% higher over the past year, with a cumulative 20,900% gain since the 2010 IPO. Investors prioritize future one-, five-, and 10-year performance despite forecasting uncertainty. Tesla boosted earnings and revenue even in high-rate environments. The Model S, Model 3, and Model Y led EV sales across multiple years. Management reduced manufacturing costs and expanded margins since 2020, aided by gigafactories in Shanghai and Berlin.
Read at 24/7 Wall St.
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