"Tesla Inc.'s ( NASDAQ: TSLA) share price is about the same as a week ago. The NHTSA launched a probe of some Model 3 vehicles, and Tesla Energy secured a major contract in Scotland. Also, Tesla is preparing to launch its self-driving feature in the UAE. The stock is 48.2% higher than six months ago, outperforming the S&P 500 in that time."
"However, Tesla stock is only 5.0% 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 resulted in a gain of 30,454% 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 has managed to thrive, boosting earnings and revenue even in high-interest-rate environments. Tesla's Model S was the best-selling plug-in electric car in both 2015 and 2016. The mass-market Model 3 sedan followed, becoming the best-selling electric car from 2018 to 2021. The Model Y, a mass-market SUV version of the Model 3, debuted in 2019, with deliveries beginning in 2020. Since then, Tesla stock has experienced incredible growth."
Tesla's share price is flat over a week while showing a 48.2% gain over six months and a modest 5.0% increase over one year. The NHTSA has opened a probe into some Model 3 vehicles, Tesla Energy won a significant contract in Scotland, and a self-driving feature is being prepared for launch in the UAE. The company has produced outsized long-term returns since its 2010 IPO. Investors focus on expected performance over one, five, and ten years amid analyst 12-month projections and persistent uncertainty. Management efforts to cut manufacturing costs have improved margins alongside growth in vehicle, energy storage, and charging revenues.
Read at 24/7 Wall St.
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