Due to Tesla's innovation and diversification, 24/7 Wall St. sees strong upside potential for the stock by the end of the decade. Tesla Inc. (NASDAQ: TSLA) shares have risen 5.0% over the past week, trading near an all-time high just before a shareholder vote on CEO Elon Musk’s record $1 trillion pay package.
Over the last six months, Tesla stock has gained 64.9%, outperforming the S&P 500. In the past year, it surged 83.8%, maintaining its appeal among investors in the electric vehicle (EV) sector. Since its IPO on June 29, 2010, Tesla’s stock has increased nearly 29,000%, starting at $17 per share (about $1 adjusted for splits).
Despite its historic rise, investors are primarily focused on Tesla's performance over the next 1, 5, and 10 years. While analysts often provide 12-month forecasts, unforeseen events frequently impact even short-term predictions.
This analysis offers longer-term perspectives based on Tesla’s financial data and market developments to aid readers in their research. Tesla has demonstrated resilience, growing earnings and revenue even under high interest rates.
Tesla’s Model S was the best-selling plug-in electric car in both 2015 and 2016.
Summary: Tesla’s impressive stock gains reflect innovation and resilience, with promising long-term growth despite market uncertainties.