$558.21 billion
Tesla Market Cap
Tesla has a market cap or net worth of $558.21 billion as of May 16, 2024. Its market cap has increased by 4.12% in one year.As the EV market evolves, Tesla must adapt its strategies and find ways to bridge the gap between early adopters and the early majority. Tesla's early success in the EV market is commendable, but its long-term sustainability hinges on its ability to cross the innovation chasm and achieve widespread adoption.Tesla Inc. had a blockbuster 2023, as its shares more than doubled in 12 months. But 2024 is starting on a different note, with Elon Musk's electric vehicle maker off to its worst start to any year — ever. The company has lost more than $94 billion in market valuation in just the first two weeks of 2024.
Does Tesla have any future : Tesla is set to remain the leader in the EV industry. If Tesla develops groundbreaking technologies, its business could look different 10 years from now. The stock still carries a premium valuation.
Is Tesla struggling financially
Against this backdrop, Tesla reported $1.1 billion in net income on $21 billion in revenue, down 9 percent from $23.3 billion the same time last year. The company's profits, once the envy of the auto industry, are at their lowest in six years thanks to rampant price cutting and slowing demand.
When did Tesla almost go broke : As December 2008 rolled in, Tesla was on the brink of financial collapse. The company was set to run out of money on Christmas Eve, with neither Tesla nor Musk personally having enough funds to cover the next payroll.
However, J.D. Power says, Tesla's batteries tend to degrade to the extent of about 1% of range per year, which means the batteries retain 90% of their capacity after 10 years on the road; that is well within expectations for the industry.
Prices for the 2025 Tesla Roadster will start at $200,000, while the Founders Series limited-edition model will go for $250,000.
Why not to invest in Tesla
Another reason to avoid buying Tesla is because of the valuation. Even though shares are currently 56% off their all-time high, they still trade at a steep price-to-earnings ratio of 46.2. This tells me that the market still values Tesla more like a tech enterprise and less like a traditional car company.Tesla attributed the sales decline to conflict in the Red Sea, which has disrupted global supply chains; a fire that halted production at the company's factory near Berlin; and the ramp-up of an upgraded version of the Model 3 sedan in Fremont.Tesla is in trouble. Yesterday, the company announced that its profits for the first three months of this year fell by 55 percent from the first three months of 2023. Sales declined by 8.5 percent.
Following completion of the project that illuminated the city of Rahway, New Jersey, Tesla expected to go on to manufacture his generators but his naivety brought failure. In the fall of 1886, the backers disagreed with Tesla, tricked him out of his money and patents, and left him penniless.
Will EV last 20 years : The cost of EV batteries has also fallen tremendously – 97% over 30 years. While all indications are that it is very unlikely you'll need to replace your EV battery even after 10-20 years of ownership, an EV's battery is still its most expensive part. It's important to learn how to properly take care of it.
Can a Tesla last 15 years : The U.S. Department of Energy uses 15,000 miles a year as its assumed standard range of annual driving for consumers, which would put Tesla's battery life at between 20 and 33 years. Assuming a single charge a day, that timeframe would involve between 7,300 and 12,045 charge cycles.
What will Tesla be worth in 2030
He forecasts Tesla stock to gain about 550% to hit $1,200 a share by 2030, and for SpaceX to triple in valuation over the same period, according to a recent interview conducted by Bloomberg. Baron runs the Baron Focused Growth Fund, which counted Tesla and SpaceX as its largest holdings as of December 31, 2023.
Drivers charge their Teslas in Santa Ana, California, March 20, 2024. Tesla is in trouble. Yesterday, the company announced that its profits for the first three months of this year fell by 55 percent from the first three months of 2023. Sales declined by 8.5 percent.That's because Tesla's shares (TSLA) have far different characteristics than the kind of stocks that Buffett over the years has favored. While this is no guarantee that Berkshire (BRK. A) (BRK.B) wouldn't purchase Tesla stock, it would be highly out of character for Buffett to do so.
Why is Tesla struggling : Tesla's Struggles in the EV Market
Tesla has long been a pioneer in the EV (electric vehicles) space. It now faces two major obstacles in continuing to grow that business: waning consumer interest, and increased competition.