"Tesla Inc.'s ( NASDAQ: TSLA) share price is about the same as a week ago. The leading EV maker announced stripped-down versions of its best-selling cars to boost sales after the federal EV tax credit expired. And the latest full self-driving software update included features developed for its robotaxi program. The stock is 97.7% higher than six months ago, easily outperforming the S&P 500 in that time."
"Tesla stock has gained 79.4% 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 27,500% 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 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 is roughly unchanged over the past week while the company introduced stripped-down versions of best-selling cars to boost sales after the federal EV tax credit expired. The latest full self-driving software update incorporated features developed for a robotaxi program. The stock rose 97.7% over six months and 79.4% over the past year, and the company has achieved a 27,500% gain since its 2010 IPO. Investors focus on one-, five-, and ten-year performance despite forecasting uncertainty. Tesla boosted earnings and revenue amid high interest rates, expanded revenues through energy storage and charging networks, and grew market-leading models Model S, 3, and Y. Management has cut manufacturing costs and expanded margins.
Read at 24/7 Wall St.
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