Where Will Tesla Stock Be in 5 Years?
The electric vehicle maker is trying to expand into new product categories. Will it succeed?
Autonomous vehicles and artificial intelligence (AI). Robots. Energy storage. These are the many products promoted by Tesla (NASDAQ: TSLA) to drive future growth for this technology company. Yet, if you look at the financials, the vast majority of this business still revolves around electric vehicles (EVs), and likely will for many years into the future.
This puts Tesla investors in a tricky situation. On the one hand, CEO Elon Musk is promising rapid growth from these new products such as the Optimus Robot. On the other hand, the EV segment is stagnating and actually saw lower deliveries in 2024 compared to 2023. This is likely why Tesla stock is still below highs set in November 2021.
Does that make Tesla stock a buy today? Let's dig into the numbers and figure out where this stock may land five years from now.
