"Tesla Inc.'s ( NASDAQ: TSLA) share price is 5.0% higher than a week ago and trading near an all-time high, ahead of a shareholder vote on CEO Elon Musk's record-breaking $1 trillion pay package. The stock is 64.9% higher than six months ago, outperforming the S&P 500 in that time. Tesla stock has gained 83.8% over the past year, so plenty of investors are still drawn to the EV market leader,"
"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."
Tesla shares have climbed to near all-time highs, rising 5.0% over the past week, 64.9% in six months, and 83.8% over the past year. The company has produced nearly 29,000% cumulative return since its June 29, 2010 IPO. A shareholder vote on CEO Elon Musk's $1 trillion pay package is imminent. Vehicle lineup strength—Model S, Model 3, and Model Y—has driven unit growth, while energy storage and charging network revenue have expanded. Management has reduced manufacturing costs and improved margins, supported by gigafactories in Shanghai and Berlin. Forward performance remains uncertain given macro and market variables.
Read at 24/7 Wall St.
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