"Tesla Inc.'s ( NASDAQ: TSLA) share price is 2.4% higher than a week ago, despite volatility after it posted record sales undercut by rising costs, resulting in disappointing earnings. CEO Elon Musk did predict the company would have unsupervised robotaxis in service by the end of the year. The stock is 84.5% higher than six months ago, easily outperforming the S&P 500 in that time."
"Tesla stock has gained 101.4% 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 gain of over 27,500% 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."
Tesla's share price rose 2.4% over a week despite volatility from record sales offset by rising costs and disappointing earnings. CEO Elon Musk predicted unsupervised robotaxis would be in service by year-end. The stock gained 84.5% over six months and 101.4% over the past year, with cumulative growth exceeding 27,500% since the 2010 IPO. Model S, Model 3 and Model Y drove vehicle sales, while energy storage and the charging network added revenue. Management has cut manufacturing costs and expanded margins, but rising costs continue to pressure earnings. Investors remain focused on one-, five-, and ten-year performance prospects.
Read at 24/7 Wall St.
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