--- title: "Where Will Tesla Be in 10 Years?" description: "Tesla's future in 10 years is likely to still focus on designing and selling passenger vehicles, but growth may slow due to competition and macro headwinds. The possibility of a global fleet of robota" type: "news" locale: "en" url: "https://longbridge.com/en/news/207586086.md" published_at: "2024-06-29T22:12:15.000Z" --- # Where Will Tesla Be in 10 Years? > Tesla's future in 10 years is likely to still focus on designing and selling passenger vehicles, but growth may slow due to competition and macro headwinds. The possibility of a global fleet of robotaxis is uncertain, but if it happens, Tesla's stock price could soar. However, the probability is low. Investors buying Tesla stock today may be disappointed with their returns in the next decade due to the company's expensive valuation. As a major disruptor to the worldwide auto industry, **Tesla** (TSLA 0.23%) has certainly gotten its fair share of attention. CEO Elon Musk seems to always have the spotlight on him. And he's viewed by many as a great visionary. It's not surprising that if a business has this type of introduction, its shares have performed well. Since June 2014, this top electric vehicle (EV) stock has skyrocketed 1,050%, crushing the gain of the **Nasdaq Composite Index**. But it's been a difficult ride more recently, with shares trading 56% off their all-time high. Bullish investors are probably thinking about buying the dip today. Before doing so, let's consider where Tesla could be in 10 years. ## It's all about cars In 2023, the company generated $97 billion in revenue, of which 85% came from selling automobiles. Right now, Tesla has five models in its lineup of vehicles, and there is talk of expanding that selection. Throughout its history, this has been a car company. And I think there's a very good chance that a decade from now, Tesla will still be designing, manufacturing, and selling passenger vehicles to consumers across the world -- exactly what it does today. Don't be surprised if the vast majority of its revenue is derived from EVs in 2034. The issue, though, is that growth is undoubtedly going to slow, as has already happened. Intense competition and macro headwinds have forced Tesla to lower prices in order to drive demand. This situation tells me that growth over the next decade isn't going to come anywhere near the gains posted in the past 10 years. ## A different enterprise But there are some Tesla supporters, like Cathie Wood, who believe the company is going to completely transform itself in the years ahead. ARK Invest, the asset management firm that Wood heads up, puts out thoughtful research. But its projections can make you scratch your head. They are incredibly ambition targets. For example, one of Wood's well-publicized predictions is that by 2030, there will be a global robotaxi industry that generates $8 trillion to $10 trillion in annual revenue. Think of the rides that **Uber** or **Lyft** offer, but without a driver. Given Tesla's huge focus on artificial intelligence, Wood and her team think fully autonomous driving is going to become a reality. And they estimate half of that industry's multitrillion-dollar opportunity will go to platforms like Tesla's. Now, I have absolutely no clue whether or not Tesla can introduce a global fleet of robotaxis one day. Furthermore, the timeline is anyone's guess. I do believe it's valuable to assess the facts in front of us. We know that Musk has pushed back the introduction of this revolutionary technology on numerous occasions. This can cause investors to question if it's even possible, given the technical challenges and the roadblocks in gaining regulatory approvals and human trust. Should this end up happening, though, I can see Tesla's stock price soaring. But in my opinion, the probability is low. ## Should you buy Tesla stock? A convincing argument can be made that this business, which carries a market cap of $572 billion, is still overvalued. And this is even with the shares undergoing a major downswing in recent years. This leads us back to the original question of where Tesla will be 10 years from now. Based on the stock's expensive valuation -- a price-to-earnings ratio of 46.5 -- I believe investors who buy shares today will likely be disappointed with their returns over the next decade. ### Related Stocks - [TSLL.US - Direxion Daily TSLA Bull 2X Shares](https://longbridge.com/en/quote/TSLL.US.md) - [TSLA.US - Tesla](https://longbridge.com/en/quote/TSLA.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 板岩的定價將在六月公佈，“空白板巖” 卡車的價格仍預計在兩萬美元中段範圍內 | Slate Auto，一家電動車初創公司，將在六月公佈其 “Blank Slate” 電動皮卡的定價。該車型預計將成為最實惠的電動車之一，初始目標定價低於 20,000 美元，儘管最近的聯邦激勵措施變化可能會影響這一點。這款卡車具有可定製的 | [Link](https://longbridge.com/en/news/276367534.md) | | 官方 Slate 卡車的定價將在六月底公佈 | Slate Auto 將於六月底公佈其經濟型電動皮卡 “Blank Slate” 的定價。首席執行官 Chris Barman 表示，基礎型號的起售價將在 2 萬美元中段。與其他電動汽車初創公司不同，Slate 的皮卡將不提供選項，允許買家 | [Link](https://longbridge.com/en/news/276389542.md) | | 分析 - 美國汽車製造商被捲入特朗普與加州電動汽車之戰的交火中 | 特朗普政府與加利福尼亞州之間關於汽車污染法規的法律鬥爭可能對汽車製造商產生重大財務影響。加利福尼亞州正在挑戰聯邦政府試圖撤銷其設定更嚴格排放標準的權力。如果加利福尼亞州勝訴，汽車製造商可能需要應對相互衝突的聯邦和州法規，這將影響他們的電動車 | [Link](https://longbridge.com/en/news/276323878.md) | | L & S Advisors Inc 在特斯拉公司持有價值 46.4 萬美元的頭寸 | L & S Advisors Inc 在第三季度將其在特斯拉公司（NASDAQ:TSLA）的持股減少了 93%，目前持有 1,043 股，價值 464,000 美元。其他機構投資者，如 NewEdge Wealth LLC 和 Signet | [Link](https://longbridge.com/en/news/276442380.md) | | 特斯拉的 “最實惠” Cybertruck 已經上市。然而，馬斯克暗示它的價格不會長期保持低廉 | 特斯拉推出了其最實惠的 Cybertruck 車型，售價為 59,990 美元，顯著低於其他版本。然而，首席執行官埃隆·馬斯克暗示這個價格可能不會維持太久，表示僅在接下來的 10 天內有效。公司還將其高端 Cyberbeast 車型的價格降 | [Link](https://longbridge.com/en/news/276451319.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.