"Shares of Tesla Inc. ( NASDAQ: TSLA) surged 15.4% in the past week, after CEO Elon Musk purchased $1 billion worth of the shares and the electric vehicle maker rolled out its self-driving feature in Australia and New Zealand. The share price is 78.9% higher than six months ago, outperforming the S&P 500 in that time. Tesla stock has gained 86.9% over the past year, so plenty of investors are still drawn to the EV market leader, which has experienced a meteoric"
"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."
Shares of Tesla rose 15.4% in the past week after CEO Elon Musk purchased $1 billion of shares and the company rolled out a self-driving feature in Australia and New Zealand. The share price is 78.9% higher than six months ago and 86.9% higher over the past year, comprising a 26,700% gain since the June 29, 2010 IPO. The stock debuted at $17 per share (about $1 adjusted for splits). Investors focus on one-, five- and 10-year outlooks while 12-month analyst projections remain uncertain. Tesla boosted earnings and revenue amid high interest rates, led by Models S, 3 and Y and growth in energy storage and charging networks.
Read at 24/7 Wall St.
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