"Over the past decade, Tesla has suffered incredible losses that have shocked investors who had grown accustomed to the stock's rapid appreciation over the past decade. The company's meteoric rise has practically minted millionaires who jumped on the Musk bandwagon in the early goings. That's certainly a move that's come with some baggage and volatility along the way. But overall, it's clear that Musk's visionary status has rewarded shareholders since Tesla's IPO on June 29, 2010."
"Shareholders are hoping that the launch of Tesla's Robotaxi can help the stock, which has seen increased volatility in the wake of abysmal Q1 and Q2 earnings and the ongoing fallout with the Trump administration. Global Tesla sales are looking weaker than they are in the U.S. Since launching in India in mid-July, Tesla has only received a paltry 600 orders."
Tesla's share price retreated sharply after 2023–2024 gains, with year-to-date losses narrowed recently but still down about 27.9% from its Dec. 17 all-time high. Global deliveries are declining year-over-year, with weaker performance outside the U.S. and only about 600 orders since the mid-July India launch. Q1 and Q2 earnings were poor, and geopolitical and leadership controversies have increased volatility. Investors hope the Robotaxi launch could provide revenue and sentiment support. Despite recent setbacks, Tesla produced substantial long-term gains since its June 29, 2010 IPO, creating large wealth for early shareholders.
Read at 24/7 Wall St.
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