"Shares of Tesla Inc. ( NASDAQ: TSLA) jumped 8.6% in the past week. The leading EV maker posted strong third-quarter delivery numbers on a surge ahead of the federal EV tax credit expiration, and Tesla set a new quarterly record for Supercharger installations. Its share price is 71.1% higher than six months ago, easily outperforming the S&P 500 in that time."
"Tesla stock has gained 78.1% 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 28,800% 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 shares rose 8.6% in the past week following strong third-quarter delivery figures and a surge of sales ahead of the federal EV tax credit expiration. The company set a quarterly record for Supercharger installations and recorded significant share-price gains—71.1% higher over six months and 78.1% over the past year. Tesla achieved a 28,800% gain since its June 29, 2010 IPO. Tesla boosted earnings and revenue even during high interest rate environments. The Model S, Model 3, and Model Y each led EV sales in their respective periods. Energy storage and charging networks contributed to revenue growth. Forecasting remains uncertain due to unforeseen circumstances.
Read at 24/7 Wall St.
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