If you invested $10,000 in Tesla stock 10 years ago, how much money would you have now?
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Tesla Inc. (NASDAQ: TSLA) designs, develops, manufactures, leases and sells electric vehicles and energy generation and storage systems in the United States, China and internationally.
The company is scheduled to report fourth-quarter 2024 earnings on January 29. Wall Street analysts expected the company to earn $0.68 per share, down from $0.71 in the same period last year. Quarterly revenue is expected to hit $27.02 billion, up from $25.17 billion a year earlier, according to Benzinga Pro.
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Ten years ago, the company's stock traded at about $13.48 per share. If you invest $10,000, you can purchase approximately 742 shares. Currently, the stock is trading at $394.74, which means the value of your investment could grow to $292,834 based on an increase in the stock price alone. Tesla has never paid a dividend.
If you invested $10,000 in Tesla stock 10 years ago, your total return would be 2,828.34%. By comparison, the S&P 500's total return during the same period was 226.20%.
Based on ratings from 34 analysts, Tesla has a consensus rating of “Neutral” and a price target of $293.23. The target price implies a potential downside of more than 25% from the current stock price.
On October 23, the company announced its third quarter financial report for 2024, with revenue of US$25.18 billion, a year-on-year increase of 8%. However, this figure was lower than the consensus estimate of $25.37 billion, Benzinga reported.
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The company reported third-quarter automotive revenue of $20 billion, up 2% year-over-year. Tesla said revenue was affected by growth in vehicle deliveries, growth in energy generation, higher revenue from fully autonomous driving and lower vehicle average selling prices.
Tesla is still expected to launch a more affordable model in the first half of 2025. The Tesla Semi factory is also on schedule and will begin construction at the end of 2025. The company reiterated that it is between Tesla's “two major growth waves” with the Model 3/Y platform and the next-generation vehicle platform.