Where Will Tesla Be in 10 Years?
(NASDAQ: TSLA) shares are up 20% in the past three days of trading, thanks to the market's positive reaction to the company's Q3 financial results. The business reported adjusted earnings per share that came in ahead of Wall Street estimates. It also helped that founder and Chief Executive Officer Elon Musk projected 2025 vehicle growth of between 20% and 30%.
Momentum is picking up for this business that has crushed it in the past decade, with shares surging 1,600% since October 2014. But investors rightfully care about what the future will hold. Where will this top electric vehicle (EV) stock be in 10 years?
In the three-month period that ended Sept. 30, Tesla generated $25.2 billion in revenue. Although the business has operations in the energy generation and storage sector, 79% of its top line is related to car sales. Tesla is an auto manufacturer at its core, and there's a high likelihood that this will still be the case a decade from now.
Source Fool.com
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