About Tesla, Inc.

Tesla stands as the world’s most valuable automaker by market capitalization, having eclipsed legacy auto giants like Toyota and Volkswagen in valuation.

Established in 2003 by Martin Eberhard and Marc Tarpenning, Tesla’s initial goal was to demonstrate that electric vehicles could outperform gasoline-powered cars. Elon Musk spearheaded Tesla’s Series A funding round in 2004 and has been at the helm as CEO since 2008, guiding the company through its remarkable expansion.

With its headquarters in Austin, Texas, Tesla has a global workforce of over 100,000. The company has not only transformed the electric vehicle market but also championed the global shift towards sustainable energy with its vehicles, battery storage, and solar solutions.

Here are some of Tesla’s Key Products:

• Electric Vehicles: Tesla’s lineup includes electric cars, trucks, and SUVs such as the Model S, Model 3, Model X, Model Y, and the Cybertruck. Additionally, a next-generation Roadster sports car is in the works.
• Battery Storage: Tesla’s Powerwall and Megapack systems cater to large-scale energy storage needs for consumers, businesses, and utilities.
• Solar: Tesla provides solar panels and Solar Roof integrations for renewable energy generation and storage.
• Charging: The Supercharger and Destination Charging networks ensure fast and dependable public EV charging.
• Software & Services: Beyond vehicle features, Tesla extends software upgrades, maintenance, financing, insurance, and other consumer services.

Also, Here are Several factors that grant Tesla a competitive edge.

• Brand recognition rooted in product innovation and design.
• Proprietary cutting-edge technology spanning batteries, powertrains, and software.
• A comprehensive charging and service infrastructure.
• High-output Gigafactory production sites.
• A robust data ecosystem from its fleet of connected vehicles.
• Vertical integration throughout the value chain.

Tesla remains committed to harnessing these strengths, leading the charge in the sustainable transportation revolution worldwide.

Tesla Stock Historical Performance

The EV maker made its public debut on June 29, 2010, with an offer price of $17 per share, raising over $226 million in its initial public offering.

In the early years, the stock experienced volatility. However, in 2013, it reported its first-ever quarterly profit of $11 million, marking a significant turning point for Tesla. After this achievement, the company’s stock fluctuated between $9 and $16 for the next 2 years.

A pivotal moment arrived in 2016 when Tesla unveiled its mass-market Model 3 sedan. This announcement triggered a surge in TSLA stock, adding over $2 billion to Tesla’s valuation almost instantly. By 2020, Tesla had established itself as a leading EV stock and earned a place in the prestigious S&P 500 index, ranking alongside top U.S. blue-chip companies. During this period, the company’s stock price soared to over $230, representing an increase of more than 1200% within a year.

In 2021, as the EV market continued to thrive and the company consistently posted profits and expanded its reach, Tesla’s stock price climbed to $275 in January. In October 2021, Tesla’s market capitalization surpassed the $1 trillion threshold, making it the fastest company to reach this valuation. The stock’s upward trajectory continued, hitting an all-time closing high of $414.50 per share in November 2021, yielding significant returns for its early investors.

Tesla (TSLA) Price History

Here’s price history of Tesla stock from 2013 to 2023, showing the stock performance of the company in the last 10 years.

Tesla Stock Earnings

Tesla has shown remarkable revenue growth and profitability, which was basically due to customers’ adoption to electric vehicles in these recent years. Here’s how the company has performed financially.

Looking at the revenue, the company’s revenue surged from $21.4 Billion in 2018 to $95.9 Billion in 2023, which is an impressive growth of over 348% in 5 years. As of September 2023, Tesla’s market valuation is pegged around $626 billion, positioning Tesla as the most valuable EV automaker around the globe.

Even, Tesla’s net income rose to $12.58 billion, a significant increase of over 128% from 2021’s net income of $5.5 billion. Also, The company posted $3.62 in diluted earnings per share for 2022, compared to $1.63 in 2021. In addition, Tesla’s EBITDA rose from $9.4 billion in 2021 to $17.5 billion in 2022, indicating enhanced profit margins.

As we saw that EV market started booming in 2019 and the demand for electric vehicles was quite high at that time. So, to meet that surging demand, Tesla effectively ramped up its manufacturing capacity and deliveries. The company delivered over 1,313,851 vehicles in 2022, which is a nearly 28% year-over-year increase.

But, there are still challenges in the company due to escalating costs, uncertainties in the supply chain, and a potentially sluggish macroeconomic landscape. While the growth of the company is likely to continue in the long term, but we think that profit margins and EPS might experience some downward pressure in the short term.

Tesla Price Chart

Here’s a price chart of TSLA that showcases the company’s stock performance over the past 5 years. In this chart, you can see how the stock skyrocketed after 2020, driven by the boom in electric vehicles and Tesla’s dominance in the EV industry.

Tesla Stock Forecast & Price Prediction

Tesla Stock Forecast & Price Prediction 2023

By the end of 2023, Tesla’s stock is expected to average around $248.34, with potential highs reaching $299.12 and lows at $202.45. This represents a growth of approximately 23.55%. We think that the key drivers for this growth would be new Gigafactories around the world that will boost the production of Tesla, the launch of Cybertruck, and strong demand of exisitng models such as Model Y.

Tesla Stock Forecast & Price Prediction 2024

The year 2024 looks even more promising, with the stock forecasted to average at $358.21, peaking at $409.78, and potentially dropping to $308.67. This indicates a substantial increase of 78.21%. The rise can be linked to Tesla’s innovations in battery technology and the potential release of new vehicle models such as Model 2.

Tesla Stock Forecast & Price Prediction 2025

By 2025, analysts suggest that Tesla’s stock will hover around an average price of $462.89, with highs of $518.56 and lows of $412.34, marking a growth of 130.29%. Here, Key drivers for this surge can be renewable energy solutions and expected launch of Robotaxi autonomous ride-sharing. Also, the powerful revenue growth and dominance in the EV market might play a significant role in this surge.

Tesla Stock Forecast & Price Prediction 2030

In 2030, the stock is projected to average at $821.89, with a potential high of $922.56 and a low of $718.78, indicating a growth of 308.90%. If we look at the current situation of the company, Tsla has over 50% market share in the EV industry. So, we analyze that the company is going to have more market share in the future, which means more revenue and more profit. And, If full self-driving becomes a reality, then Tesla is going to dominate the market by the end of the decade.

Tesla Stock Forecast & Price Prediction 2035

By 2035, Tesla’s stock is projected to achieve an average price of $1,170.17, with potential highs reaching up to $1,470.72 and lows around $865.56. This suggests a growth of approximately 481.68%. Now, During the mid-2030s, we might witness Tesla’s further expanding into global markets, especially in developing countries, which will definitely lead to more sales. Also, we expect that till this time, people would completely adapt to electric vehicles, which would definitely give EV makers such as Tesla more advantage over other non-EV car makers.

Tesla Stock Forecast & Price Prediction 2040

Looking ahead to 2040, the stock is anticipated to soar, averaging at $1,518.45, with highs potentially touching $2,018.89 and lows around $1,012.34. This suggests a remarkable growth of 655.45%. Here, the company’s leading position in EVs, fully autonomous Robotaxis, solar energy solutions, and grid-scale battery storage by 2040 could justify steep growth in valuation.

Tesla Stock Forecast & Price Prediction 2050

In a long-term view, by 2050, Tesla’s stock is predicted to reach an average price of $2,523.67, with potential highs of $3,018.12 and lows settling at $2,015.56. This indicates a staggering growth of 1154.06%. We think that by this time, Tesla’s influence in multiple sectors, including space exploration through SpaceX collaborations and urban transportation solutions, could play a major role in its stock performance.

Tesla Stock: Buy, Sell, or Hold?

After peaking at a price of $407 in 2021, Tesla’s stock has since declined. However, investors remain largely confident in the company. Based on average analyst ratings, Tesla has a moderate buy rating of 3.48/5. The breakdown among analysts is as follows:

• 5 Buy Recommendations
• 11 Strong Buy Recommendations
• 21 Hold Recommendations
• 3 Sell Recommendations
• 2 Strong Sell Recommendations

For this year, analysts have set an average price target of $215.52, indicating a promising upside from the current stock price. So, it’s definitely a buy for those looking for long-term investments. However, for short-term investors, the stock doesn’t seem appealing at the moment due to its significant fluctuations.

Tesla Stock FAQs

Did Tesla Stock Split Recently?

Yes, Tesla implemented a 3-for-1 stock split in August 2022. This came after a 5-for-1 stock split in 2020. These splits aim to make Tesla shares more accessible to retail investors.

How Much Will Tesla Stock Be Worth in 2030?

Analyst forecasts suggest that Tesla’s stock price could reach an average target of around $821.89 per share by 2030. However, estimates vary, with $718.78 on the low end and an optimistic $922.56 as the maximum prediction.

What’s Tesla’s Stock Price Target?

The current average analyst 12-month price target for Tesla stock is $215.52 per share. However, analyst price targets range from a low of $85 to a street-high of $530 per share, indicating significant uncertainty.

What Will Tesla Stock Be Worth in 10 Years?

Looking ahead to the next 10 years, analysts project that Tesla’s stock will be worth an average of $468.23 per share by 2033. But forecasts differ significantly, ranging from $150 on the low end to as high as $850 in a decade, based on various growth assumptions.

Is Tesla Stock Overvalued Currently?

Some analysts believe that Tesla stock is overvalued, given it’s trading at over 100x earnings with a $690 billion market cap. However, others argue that the long-term growth potential justifies a premium valuation, especially if Tesla becomes dominant in key industries in the future.

Does Tesla pay dividends?

Unlike other bluechip companies, Tesla does not currently pay a dividend to its shareholders. The company has yet to initiate a dividend program since going public in 2010.

Who are major competitors of Tesla?

Major automakers like Volkswagen, Toyota, GM, Ford, BMW, Mercedes-Benz, Hyundai,  and Emerging EV startups like Rivian, Lucid Motors, NIO, Xpeng, Fisker are some companies that in competition with Tesla.