"Tesla Inc.'s ( NASDAQ: TSLA) share price is 3.5% lower than a week ago, when it was trading near an all-time high, after shareholders approved CEO Elon Musk's record-breaking $1 trillion pay package and some key executives left the company. The stock is still 35.3% higher than six months ago, outperforming the S&P 500 in that time. Tesla stock is 31.3% than a year ago."
"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 dipped 3.5% from a recent high after shareholders approved a $1 trillion pay package for CEO Elon Musk and several key executives departed. The stock remains 35.3% higher than six months ago and about 31.3% higher than a year ago, continuing massive long-term gains since its 2010 IPO. Strong sales of Model S, Model 3 and Model Y supported revenue growth, alongside energy storage and charging network expansion. Management has cut manufacturing costs and expanded margins, with gigafactory capacity and cost improvements driving stronger revenue and net income since 2020.
Read at 24/7 Wall St.
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