Tesla shares rose 9.2% over the past week following expansion of its autonomous ride-hailing service in Austin, Texas, and a price increase for the high-performance Cybertruck. The stock is 24.0% higher than six months ago and up 67.1% over the past year, reflecting a 21,900% gain since the June 29, 2010 IPO when the debut price was $17 per share (roughly $1 adjusted for splits). Investors focus on future performance over one, five, and ten years amid uncertainty. Tesla increased earnings and revenue despite high interest rates. The Model S, Model 3, and Model Y drove EV leadership while energy storage and charging networks expanded revenues. Management cut manufacturing costs and expanded margins, aided by gigafactories in Shanghai.
Tesla stock has gained 67.1% 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 21,900% 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.
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