"Tesla Inc.'s ( NASDAQ: TSLA) share price is about the same as a week ago. The company reported that it is expanding its full self-driving program in Europe, and that its robotaxis in Austin, Texas, will soon be fully driverless. Its sales in China rebounded in November, but registrations in key European markets were still down. The stock is 38.4% higher than six months ago, outperforming the S&P 500 in that time."
"Tesla stock is 12.6% higher than a year ago, underperforming the Nasdaq. Plenty of investors are still drawn to the EV market leader, which experienced a meteoric rise that resulted in a gain of over 28,300% 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."
Tesla's share price was flat over the past week while the company expanded its full self-driving program in Europe and announced soon-to-be fully driverless robotaxis in Austin, Texas. Sales in China rebounded in November, though registrations in key European markets remained down. The stock advanced 38.4% over six months and 12.6% over one year, outperforming the S&P 500 in the six-month span but underperforming the Nasdaq over the year. The company recorded massive long-term gains since its 2010 IPO. Investors prioritize future one-, five- and ten-year performance amid projection uncertainty. Tesla boosted earnings and revenue amid high interest rates, grew energy storage and charging network businesses, and achieved strong vehicle sales through the Model S, Model 3 and Model Y while management worked to cut manufacturing costs.
Read at 24/7 Wall St.
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