"Tesla Inc.'s ( NASDAQ: TSLA) share price is 2.8% higher than a week ago, despite a recall of more than 6,000 Cybertrucks and rumors that CEO Elon Musk might leave the company. The electric vehicle (EV) maker also launched new, more affordable versions of is Model 3 and Model Y. The stock is 58.0% higher than six months ago, outperforming the S&P 500 in that time."
"Tesla stock has gained 77.8% 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 29,950% 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's share price rose 2.8% over the past week and is 58.0% higher than six months ago, with a 77.8% gain over the past year. The company launched more affordable Model 3 and Model Y variants while recalling over 6,000 Cybertrucks amid leadership departure rumors. Tesla's shares have gained roughly 29,950% since the IPO in 2010. Revenue and earnings have grown, supported by energy storage and charging networks. Management has reduced manufacturing costs and expanded margins. Investors focus on one-, five- and ten-year prospects, though analysts' near-term projections remain uncertain due to unforeseen risks.
Read at 24/7 Wall St.
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