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Tesla’s Strong Performance Amidst Market Doubts
Tesla (NASDAQ: TSLA), led by CEO Elon Musk, has maintained a valuation of about 200 times forward earnings as investors are increasingly focused on its autonomous ride-hailing fleet and humanoid robotics, despite its core electric vehicle (EV) business facing competition. Since 2013, a $3,500 investment in Tesla has yielded a staggering return of 4,869%, equating to nearly $174,000, while the S&P 500 index grew only to $13,320 during the same period.
Despite ongoing skepticism regarding its high valuation, bullish investors have seen substantial profits, indicating a strong level of confidence in Tesla’s future and its ability to capture market share in emerging sectors.
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