Elon Musk Makes a Massive Prediction for Tesla's Profits

Tesla (NASDAQ: TSLA) is one of the best performing stocks of the last 15 years, up 17,430% since its initial public offering. And yet the shares are down 42% from all-time highs set at the end of 2024, making it one of the worst drawdowns for the stock in its history.CEO Elon Musk believes he has a way to stop this downward spiral. The ever-ambitious founder said in a response to an investment analyst on X (formerly Twitter) that he believes a 1,000% increase in profits for Tesla is possible over the next five years. Does that make the stock a buy-the-dip candidate today? Let's dive into this electric vehicle and technology company to find out.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool