Where Will Tesla Be in 5 Years?
(NASDAQ: TSLA) has taken its investors on a volatile ride. Shares currently trade 36% off their peak price. But in the past five years, they have crushed the market, rocketing 1,520% higher. This would have turned a $10,000 initial capital outlay into $162,000 today.
The Elon Musk-led enterprise has seen strong momentum from the investment community recently. This electric vehicle (EV) stock has surged 84% since the end of April. But investing should be a long-term game. With this mental framework, where will Tesla be in five years?
Tesla has historically been known for posting rapid growth. The impressive top-line gains happened thanks to strong interest in its EV lineup. Additionally, the company's premium pricing and manufacturing cost advantages resulted in rising profitability.
Source Fool.com
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