"Tesla Inc.'s ( NASDAQ: TSLA) share price pulled back 1.8% in the past week. CEO Elon Musk announced that the company's self-driving software would transition to a monthly subscription model, and also warned that initial production for the Cybercab and Optimus would be "slow." Tesla stock is still 31.3% higher than six months ago, outperforming the S&P 500 in that time."
"However, Tesla stock is only 1.7% higher than a year ago, underperforming the Nasdaq. Yet, plenty of investors are still drawn to the EV market leader, which experienced a meteoric rise that has resulted in a gain of 27,057% 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 long-term 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 pulled back 1.8% in the past week after CEO Elon Musk announced a shift of the company's self-driving software to a monthly subscription and warned that initial production for the Cybercab and Optimus would be slow. The stock is 31.3% higher than six months ago but only 1.7% higher than a year ago, outperforming the S&P 500 while underperforming the Nasdaq. The company has gained 27,057% since its June 29, 2010 IPO. Tesla boosted earnings and revenue through vehicle sales, energy storage, and a charging network while management cut manufacturing costs and expanded margins, though long-term performance remains uncertain.
Read at 24/7 Wall St.
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