Tesla Stock 2030 Forecast: Can the EV Giant Really Sell 20 Million Cars?

While Tesla (TSLA) is arguably among the most (if not the most) polarizing stock of all time, it has undoubtedly been a wealth creator for those who believed in the Tesla story. The company listed publicly in 2010, pricing the IPO at $17. Since then, Tesla has undergone two stock splits, and its split-adjusted IPO price comes to around $1.13 per share. At its current levels of around $235, the stock has since delivered some of the most impressive post-IPO returns ever.

Tesla stock has risen more than 900% in the last five years, even as shares of the legacy Detroit automakers have sagged. Ford (F) trades at just around $10. It has been 67 years since Ford went public, and the shares have risen at a CAGR of under 4%. Even if we account for dividends, the returns would trail what the S&P 500 Index ($SPX) has delivered over these years.