"Tesla Inc.'s ( NASDAQ: TSLA) share price is about the same as a week ago. The National Highway Traffic Safety Administration has opened a new investigation into Tesla's self-driving feature, and the Delaware Supreme Court heard arguments in the ongoing appeal over CEO Elon Musk's compensation. The stock is 71.2% higher than six months ago, easily outperforming the S&P 500 in that time."
"Tesla stock has gained 98.2% over the past year, so plenty of investors are still drawn to the EV market leader, which has experienced a meteoric rise that has resulted in a 27,290% gain 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's share price remained roughly unchanged over the week while the National Highway Traffic Safety Administration opened a new investigation into Tesla's self-driving feature and the Delaware Supreme Court heard an appeal over CEO Elon Musk's compensation. The stock rose 71.2% over six months and 98.2% over the past year, and has gained roughly 27,290% since its 2010 IPO. Tesla drove sales with Model S, Model 3 and Model Y introductions and expanded revenue through energy storage and charging networks. Management has cut manufacturing costs and expanded margins. Investors seek outlooks over one, five and ten years amid forecasting uncertainty.
Read at 24/7 Wall St.
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