"Tesla Inc.'s ( NASDAQ: TSLA) share price is fractionally higher than a week ago. The company has rolled out its Robotaxi app to the public in the United States and Canada, its next-generation AI5 chip was delayed, and it expanded access to Superchargers in Europe. The stock is 18.1% higher than six months ago, outperforming the S&P 500 in that time."
"Tesla stock is 16.6% higher than a year ago, about the same gain as the Nasdaq. Plenty of investors are still drawn to the EV market leader, which experienced a meteoric rise that resulted in a gain of almost 25,300% 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 rolled out its Robotaxi app to the public in the United States and Canada, delayed its next-generation AI5 chip, and expanded access to Superchargers in Europe. The stock is up 18.1% over six months and 16.6% year-over-year, roughly matching the Nasdaq, and has gained almost 25,300% since its June 29, 2010 IPO when adjusted for splits. The company boosted earnings and revenue despite higher interest rates, driven by strong vehicle models (Model S, Model 3, Model Y), an energy storage business, and charging-station expansion. Management has cut manufacturing costs and expanded margins, but future performance remains uncertain due to unforeseen risks and projection limitations.
Read at 24/7 Wall St.
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