Due to Tesla's innovation and diverse business approach, 24/7 Wall St. anticipates strong growth potential for the stock by the end of the decade. Tesla Inc.’s (NASDAQ: TSLA) share price has risen 5.0% over the past week and is trading near an all-time high, ahead of a shareholder vote on CEO Elon Musk’s record-setting $1 trillion pay package.
Over the last six months, Tesla's stock is up 64.9%, significantly outperforming the S&P 500. The stock has gained 83.8% in the past year, attracting many investors to this leading electric vehicle (EV) company. Since Tesla’s IPO on June 29, 2010, the stock has surged nearly 29,000%, from its initial price of $17 per share (about $1 per share after stock splits).
Despite this impressive past performance, investors are focused on Tesla’s future outlook over the next one, five, and ten years. While typical Wall Street forecasts cover only 12 months ahead, these predictions can be unreliable due to unforeseen factors. This analysis offers longer-term insights based on Tesla’s financials and market developments to assist readers in their research.
Tesla has continued to grow earnings and revenue even in challenging conditions such as high interest rates. Notably, Tesla’s Model S was the best-selling plug-in electric car in 2015 and 2016.
Tesla Inc.’s (NASDAQ: TSLA) share price is 5.0% higher than a week ago and trading near an all-time high, ahead of a shareholder vote on CEO Elon Musk’s record-breaking $1 trillion pay package.
Tesla stock has gained 83.8% over the past year, so plenty of investors are still drawn to the EV market leader.
Author’s summary: Tesla's stock has shown remarkable growth and resilience, with strong long-term potential fueled by innovation and market leadership in the evolving electric vehicle industry.