A $10,000 investment in Tesla stock 10 years ago would now be worth $252,400, far exceeding the S&P 500’s return.
A $10,000 investment in Tesla (NASDAQ: TSLA) stock 10 years ago would now be valued at $252,400, reflecting a 2,420% total return. This outperforms the S&P 500, which would have grown the same investment to $40,760 over the same period.
Tesla’s growth has been driven by its expansion in the electric vehicle market, with deliveries rising from 14,400 cars in Q2 2016 to over 480,100 in the latest quarter. Revenue surged from $1.3 billion in Q2 2016 to $28.2 billion in Q2 this year, underscoring its dominance in the sector.
Despite its high valuation, with a price-to-earnings ratio of 343, Tesla’s future prospects include advancements in self-driving technology, robotics, and energy segments, which management believes could generate significant profits.