If You'd Invested $10,000 in Tesla Stock 5 Years Ago, Here's How Much You'd Have Today
CEO Elon Musk's antics notwithstanding, (NASDAQ: TSLA) has been one of the most phenomenal stocks in recent years. The company was founded in 2003, debuted its first sports car Roadster in 2008, and launched its first all-electric sedan Model S in 2012. There's been no looking back since then. Tesla was the world's largest electric-vehicle (EV) company before China's BYD recently beat it at its game, although the two companies continue to fight closely for the crown.
Tesla's torrid growth, backed by its first-mover advantage in the EV industry, has been reflected in its stock price performance. If you'd invested $10,000 in Tesla stock five years ago, you'd be sitting on nearly $138,600 now. That's a stunning multibagger stock.
The past six years have been transformative for Tesla. Its revenue grew nearly 7x, and by turning its first profit in 2020, Tesla silenced critics who argued that EVs can't be a profitable business. The company sold 1.81 million EVs in 2023 and earned GAAP net income of $15 billion in the year.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 84 Buy predictions and 30 Sell predictions.
With a target price of 248 € there is a slightly positive potential of 13.48% for Tesla Inc compared to the current price of 218.55 €.
