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After generating market-thumping returns to shareholders since its IPO (initial public offering), Tesla (TSLA) stock has grossly underperformed the broader markets in the last three years. That said, while it's down 45.3% from all-time highs, Tesla stock has still returned more than 14,000% to shareholders since going public in 2010.
Today, the electric vehicle (EV) manufacturer is valued at $723.2 billion, making it the largest automobile company globally, despite the ongoing pullback. Let’s see if Tesla stock can stage a comeback in the next 12 months.
