"Shares of Tesla Inc. ( NASDAQ: TSLA) rose 6.3% in the past week, as CEO Elon Musk insisted that the focus of an upcoming shareholder vote should be about governance rather than his compensation. Meanwhile, Chinese automaker BYD outsold Tesla in August for the second consecutive month. Tesla's share price is 59.1% higher than six months ago, easily outperforming the S&P 500 in that time."
"Tesla stock has gained 74.1% over the past year, so plenty of investors are still drawn to the EV market leader, which has experienced a meteoric rise that has resulted in a 27,700% gain 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."
Shares of Tesla Inc. rose 6.3% in the past week while CEO Elon Musk urged that an upcoming shareholder vote focus on governance rather than his compensation. Chinese automaker BYD outsold Tesla in August for the second consecutive month. Tesla's share price is 59.1% higher than six months ago and has gained 74.1% over the past year, with a 27,700% increase since its 2010 IPO. Investors remain focused on one-, five-, and ten-year performance amid forecasting uncertainty. Tesla boosted earnings and revenue, expanded energy storage and charging networks, and launched successful Model S, 3, and Y vehicles.
Read at 24/7 Wall St.
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