If You'd Invested $10,000 in Tesla a Decade Ago, Here's How Much You'd Have Today
Written by Courtney Carlsen for The Motley Fool -> Tesla has grown into one of the world's largest electric vehicle companies and looks to expand through other growth avenues under visionary CEO Elo…
Tesla has grown into one of the world's largest electric vehicle companies and looks to expand through other growth avenues under visionary CEO Elon Musk.
In addition to EVs, the company is focused on breakthroughs in self-driving technology, battery storage solutions, and its Optimus robot.
In the past decade, few stocks have delivered life-changing returns like Tesla (NASDAQ: TSLA) . If you had bought $10,000 in Tesla stock 10 years ago, that investment would be worth a staggering $217,900 today.
With CEO Elon Musk at the helm, the company has achieved impressive scale that has historically hounded upstart automakers and has evolved into a speculative play on self-driving vehicles, energy, and other emerging technologies. Here's what has driven Tesla's growth and what investors have to look forward to.
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Tesla bucked the traditional automotive industry business model with direct-to-consumer sales, bypassing dealerships and giving the company full control over its customer buying experience. Its vertical integration helped lower assembly costs and gave it a gross margin that crushed industry peers in the early 2020s.
Over the years, Tesla did an exceptional job scaling its manufacturing capabilities, starting with key expansions in Fremont and Shanghai. This growth, coupled with strong tailwinds from regulatory credit sales, helped Tesla turn cash-flow positive and GAAP (generally accepted accounting principles) profitable, sending the stock soaring and earning it a spot in the S&P 500 index in late 2020.
While Tesla has done an excellent job scaling up its EV business, the company looks to achieve more technological breakthroughs under Musk, which is why it trades at such a lofty valuation.
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