"Tesla stock is 27.1% higher than a year ago, outperforming 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 28,000% 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 rose 4.8% over the past week and 29.8% over six months, outperforming the S&P 500. Shares are 27.1% higher than a year ago, outperforming the Nasdaq. Strong November sales in China and record annual sales in Norway supported recent performance, while Cybertruck production is reportedly being scaled down due to softening demand. The company delivered massive long-term returns since its IPO, debuting at $17 (about $1 adjusted) and gaining over 28,000%. Tesla boosted earnings and revenue despite high interest rates, expanded margins by cutting manufacturing costs, and grew revenue from energy storage and charging networks. Investors focus on one-, five-, and ten-year prospects while acknowledging that unforeseen events can invalidate near-term forecasts.
Read at 24/7 Wall St.
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