However, any investor who has held the stock for ten years would have earned a return of more than 2,000% in spite of the decline.
According to expert estimates compiled by Visible Alpha, Tesla is still valued at over $970 billion and is trading at more than 100 times projected profits for the next year.
General Motors (GM.N) launches new tab sports, which is more than 20 times the multiple. Lately, however, that expanding value is due as much to market frenzy.
As it is to dwindling expectations. According to LSEG statistics, analysts’ estimates for 2025 profits per share have dropped by almost 55% in the last year,
While revenue increased by less than 1% in 2024. Everywhere, Tesla has been dropping. According to statistics from industry tracker Kelley Blue Book,
The company’s market share of new electric cars in the United States dropped from 78% three years before to 44% in the last quarter of 2024, opens new tab.
