"Tesla Inc.'s ( NASDAQ: TSLA) share price is up 4.5% from a week ago. A robotaxi without a safety monitor is being tested in Austin, Texas, and Elon Musk announced that the AI chatbot Grok will be integrated into Tesla vehicles very soon. But California has threatened to suspend Tesla's license to sell and make cars in the state. The stock is 47.7% higher than six months ago, outperforming the S&P 500 in that time."
"However, Tesla stock is 2.6% lower 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 over 29,300% 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 4.5% over the past week and is up 47.7% versus six months, though it is down 2.6% year-over-year. A robotaxi without a safety monitor is undergoing tests in Austin, Texas, and the AI chatbot Grok is slated for integration into Tesla vehicles soon. California has threatened to suspend Tesla's license to sell and make cars in the state. Tesla achieved massive long-term gains since its 2010 IPO and expanded revenues through vehicle sales, energy storage, and charging network growth. Investors focus on multi-year performance amid uncertain projections.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]