"Tesla Inc.'s ( NASDAQ: TSLA) share price has retreated 4.0% in the past week. The company posted its second consecutive year of falling sales, and Chinese rival BYD overtook Tesla as the world's largest seller of fully electric vehicles. Tesla stock is still 46.8% higher than six months ago, outperforming the S&P 500 in that time. However, Tesla stock is only 9.4% 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 27,050% 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."
Tesla's share price fell 4.0% in the past week after a second consecutive year of falling sales and being overtaken by BYD as the world's largest seller of fully electric vehicles. The stock remains 46.8% higher than six months ago but only 9.4% higher than a year ago. The company has posted enormous long-term gains since its 2010 IPO, debuting at $17 per share (about $1 adjusted for splits). Tesla grew revenues through vehicle deliveries, energy storage, and charging networks, and improved margins by cutting manufacturing costs and expanding net income. Investors focus on future performance over one, five, and ten years amid uncertain forecasts and unforeseen circumstances.
Read at 24/7 Wall St.
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