Tesla’s stock has increased nearly 21,000% since its IPO 15 years ago, with a trading volume reported on NASDAQ under the ticker TSLA as of June 11. The company generated 72% of its revenue in Q1 2023 from automobile sales but experienced a 9% decline in revenue due to high interest rates affecting consumer demand.
CEO Elon Musk is pursuing innovative projects like full self-driving technology and humanoid robots, which might significantly enhance Tesla’s revenue potential in the future. Ark Invest estimates a $11 trillion addressable market for robotaxis and a potential $10 trillion in revenue from robot sales.
Despite these ambitions, Tesla faces increased competition and a high forward P/E ratio of 173, raising uncertainty about its financial future. Investors are cautious, as Tesla’s previous hypergrowth appears to be stabilizing into a more traditional automotive market landscape.
